Denison Helping Hands

Analysis

Denison Helping Hands is a registered charity in United States, based in Denison, TX. It received its IRS tax-exemption ruling in September 1988, 38 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Denison Helping Hands reported income of $172k and spending of $176k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $173k to $172k (-0.6%), an average of -0.2% a year. The sharpest change came in the year to December 2021, when income dropped by 54%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Denison Helping Hands sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Ifs Empowerment Center ($172k), Washington State Council of Firefighters Benevolent Fund ($172k) and Partners in Nutrition ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $51k (29% of expenses). At year end it held assets of $190k against liabilities of $0, net assets of $190k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.