Helping Hands Alaska

Analysis

Helping Hands Alaska is a registered charity in United States, based in North Pole, AK. It received its IRS tax-exemption ruling in August 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, Helping Hands Alaska reported income of $640k and spending of $366k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $259k to $640k (+147%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hands Alaska sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within AK. Charities of a similar size with the same main cause include Starting Over Enterprises Inc ($640k), Project Renewal of Davenport Inc ($640k) and Lake Mills Family Center ($640k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $26k (7.0% of expenses). At year end it held assets of $511k against liabilities of $16k, net assets of $495k. It reported 1 employees.