Helping Hands Grateful Hearts Inc

Analysis

Helping Hands Grateful Hearts Inc is a registered charity in United States, based in Wakefield, RI. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Grateful Hearts Inc reported income of $167k and spending of $175k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $509k to $167k (-67%), an average of -67% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Helping Hands Grateful Hearts Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within RI. Charities of a similar size with the same main cause include Hands and Hearts Ending Homelessness ($167k), Break Barriers Foundation Inc ($167k) and Cornerstone Housing North Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,884 against liabilities of $0, net assets of $8,884.