Helping Hand Ministries Inc

Analysis

Helping Hand Ministries Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2013, 13 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, Helping Hand Ministries Inc reported income of $50k and spending of $31k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $27k to $50k (+84%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hand Ministries Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 23rd percentile within FL. Charities of a similar size with the same main cause include Celebrate Forever Foundation ($50k), Goodwill Association of Michigan ($50k) and Meriden Farmers Market Inc ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $719k against liabilities of $551k, net assets of $168k.