Helping Hands Foundation Inc

Analysis

Helping Hands Foundation Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in December 2009, 17 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 2023, Helping Hands Foundation Inc reported income of $1.0m and spending of $888k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $556k to $1.0m (+80%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Helping Hands Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Terre Haute Housing Authority Development Corp ($1.0m), Danas House Inc ($1.0m) and North Charleston Renaissance Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 51% of the total. Other salaries and wages came to $411k. At year end it held assets of $1.4m against liabilities of $477k, net assets of $960k. It reported 27 employees.