Helping Hands of Middle & West Tennessee

Analysis

Helping Hands of Middle & West Tennessee is a registered charity in United States, based in Jackson, TN. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Helping Hands of Middle & West Tennessee reported income of $482k and spending of $409k, spending 85% of its income. Across the 5 years on record, from December 2018 to June 2023, income grew from $399k to $482k (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 1043%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hands of Middle & West Tennessee sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within TN. Charities of a similar size with the same main cause include Remake Talent ($482k), Lasa Foundation Inc ($482k) and Project Feast ($481k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $120k (29% of expenses). Other salaries and wages came to $66k. At year end it held assets of $452k against liabilities of $92k, net assets of $359k. It reported 15 employees.