Friends Help a Friend the Helping Hands Foundation

Analysis

Friends Help a Friend the Helping Hands Foundation is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2021, Friends Help a Friend the Helping Hands Foundation reported income of $45.7m and spending of $41.1m, spending 90% of its income. Across the 5 years on record, from December 2017 to December 2021, income grew from $46k to $45.7m (+99403%), an average of +462% a year. The sharpest change came in the year to December 2018, when income dropped by 100%. Over the whole period it spent 40% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friends Help a Friend the Helping Hands Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Montereau Inc ($44.7m), Presbyterian Village North Forefront Living ($45.9m) and Marys Woods at Marylhurst Inc ($44.7m).

On its Form 990 for the period ending December 2021, revenue came from program service revenue 100% of the total. At year end it held assets of $66.9m against liabilities of $0, net assets of $66.9m.