Helping Hands Network Inc

Analysis

Helping Hands Network Inc is a registered charity in United States, based in Northbrook, IL. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Network Inc reported income of $171k and spending of $195k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $291k to $171k (-41%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Helping Hands Network Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include KTS Kids ($171k), Kidspeak Inc ($171k) and K9 Youth Alliance ($171k).

Compensation of current officers, directors and key employees was $19k (9.7% of expenses). At year end it held assets of $90k against liabilities of $0, net assets of $90k.