Rosenberg Richmond Helping Hands Inc

Analysis

Rosenberg Richmond Helping Hands Inc is a registered charity in United States, based in Richmond, TX. It received its IRS tax-exemption ruling in May 1986, 40 years ago. 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, Rosenberg Richmond Helping Hands Inc reported income of $2.4m and spending of $2.4m, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.5m to $2.4m (+57%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 350%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rosenberg Richmond Helping Hands Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include El Pajaro Community Development Corporation ($2.4m), Power 4 STL Inc ($2.4m) and Special Olympics New Mexico Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $89k (3.7% of expenses). Other salaries and wages came to $258k. At year end it held assets of $1.6m against liabilities of $13k, net assets of $1.5m. It reported 19 employees.