Helping Hands Inc

Analysis

Helping Hands Inc is a registered charity in United States, based in Bentonville, AR. It received its IRS tax-exemption ruling in June 1979, 47 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Helping Hands Inc reported income of $2.7m and spending of $2.8m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.7m (+27%), an average of +6.2% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Helping Hands Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within AR. Charities of a similar size with the same main cause include Big Brothers Big Sisters of San Diego County Inc ($2.7m), Leadership Initiatives ($2.7m) and Tribal Education Departments National Assembly Co ($2.7m).

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 $106k (3.8% of expenses). Other salaries and wages came to $450k. At year end it held assets of $1.7m against liabilities of $159k, net assets of $1.6m. It reported 22 employees.