Piedmont Electric Helping Hand Foundation Inc

Analysis

Piedmont Electric Helping Hand Foundation Inc is a registered charity in United States, based in Hillsborough, NC. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover human services, 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, Piedmont Electric Helping Hand Foundation Inc reported income of $186k and spending of $176k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $182k to $186k (+2.3%), an average of +2.3% a year. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Piedmont Electric Helping Hand Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Shreemay Community Services Inc ($186k), Pet Ia-Leighton ($186k) and Bethany Center ($186k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $122k against liabilities of $5,373, net assets of $116k.