Helping Hands of Potsdam Inc

Analysis

Helping Hands of Potsdam Inc is a registered charity in United States, based in Hannawa Falls, NY. It received its IRS tax-exemption ruling in November 2003, 23 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 December 2023, Helping Hands of Potsdam Inc reported income of $100k and spending of $104k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $64k to $100k (+56%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 104%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hands of Potsdam Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Home Share ($100k), Ocl Properties VI Inc ($100k) and Rancho Santa Fe Tea3 Foundation ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. Other salaries and wages came to $31k. At year end it held assets of $200k against liabilities of $12k, net assets of $189k. It reported 2 employees.