Santas Helping Hands Inc

Analysis

Santas Helping Hands Inc is a registered charity in United States, based in Bee Spring, KY. It received its IRS tax-exemption ruling in February 2018, 8 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, Santas Helping Hands Inc reported income of $125k and spending of $83k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $77k to $125k (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Santas Helping Hands Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within KY. Charities of a similar size with the same main cause include Assistance League of Los Gatos- Saratoga ($125k), Mosaic in Action ($125k) and Veterans Serving Veterans Inc ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $168k against liabilities of $0, net assets of $168k.