Helping Hands of Putnam County

Analysis

Helping Hands of Putnam County is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in March 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Helping Hands of Putnam County reported income of $567k and spending of $480k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $204k to $567k (+178%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Helping Hands of Putnam County sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include University of Nevada Las Vegas Alumni Association Inc ($567k), Economic Development Corporation of Elkhart County Inc ($567k) and PCM Senior Housing Inc ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $54k (11% of expenses). At year end it held assets of $289k against liabilities of $0, net assets of $289k. It reported 2 employees.