Helping Hands for Single Moms

Analysis

Helping Hands for Single Moms is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 for Single Moms reported income of $1.4m and spending of $1.2m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $689k to $1.4m (+97%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Helping Hands for Single Moms sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within AZ. Charities of a similar size with the same main cause include Sugar Plum Inc ($1.4m), Tranquil Hearts Inc ($1.4m) and Cherubim Developmental Training Program Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $95k (8.0% of expenses). Other salaries and wages came to $192k. At year end it held assets of $1.0m against liabilities of $31k, net assets of $1.0m. It reported 7 employees.