Helping Hand Home for Children

Analysis

Helping Hand Home for Children is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 1955, 71 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Helping Hand Home for Children reported income of $10.0m and spending of $12.1m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.1m to $10.0m (-10%), an average of -2.6% a year. The sharpest change came in the year to June 2022, when income dropped by 25%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hand Home for Children sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Nysarc Inc ($10.0m), Connections Individual and Family Services Inc ($10.0m) and Hospice of Laurens County Inc ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $278k (2.3% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $20.3m against liabilities of $1.8m, net assets of $18.5m. It reported 175 employees.