Helping Hand Worldwide Inc

Analysis

Helping Hand Worldwide Inc is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in December 2004, 22 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 Hand Worldwide Inc reported income of $1.7m and spending of $1.8m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.7m (+29%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 25%. 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 Hand Worldwide Inc 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 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Abrazo Foster Family Agency ($1.7m), One Voice ($1.7m) and Ellis Marsalis Center for Music Inc ($1.7m).

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 $76k (4.3% of expenses). Other salaries and wages came to $96k. At year end it held assets of $254k against liabilities of $24k, net assets of $229k. It reported 14 employees.