Open Hearts Helping Hands Inc

Analysis

Open Hearts Helping Hands Inc is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in July 2020, 6 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, Open Hearts Helping Hands Inc reported income of $88k and spending of $89k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $88k (+9.8%), an average of +9.8% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Hearts Helping Hands Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 37th percentile within FL. Charities of a similar size with the same main cause include Circle of Hope Foundation Inc ($88k), Able Ministries ($88k) and Building Lasting Relationships Inc ($88k).

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 $4,518 against liabilities of $0, net assets of $4,518.