Cole Gordons the Helping Hand Foundation Inc

Analysis

Cole Gordons the Helping Hand Foundation Inc is a registered charity in United States, based in Friendswood, TX. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Cole Gordons the Helping Hand Foundation Inc reported income of $546k and spending of $621k, spending 114% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $141k to $546k (+286%), an average of +96% a year. The sharpest change came in the year to December 2022, when income rose by 163%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cole Gordons the Helping Hand Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Neighborhood Associates Corporation ($546k), Emmanuel Hospital Association- North American Fellowship ($546k) and Together for Life Northland Inc ($546k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $1.2m against liabilities of $1.2m, net assets of -$70k.