Helping Hands Team

Analysis

Helping Hands Team is a registered charity in United States, based in Edgewood, WA. It received its IRS tax-exemption ruling in February 2022, 4 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 Team reported income of $1.3m and spending of $1.1m, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $571k to $1.3m (+135%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 536%. Over the whole period it spent 55% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Helping Hands Team sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include Mutual Housing Association of Baltimore Inc ($1.3m), United Help-Self Help Housing ($1.3m) and Village of Hope Palm Beach County Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $51k (4.5% of expenses). Other salaries and wages came to $211k. At year end it held assets of $1.2m against liabilities of $2,813, net assets of $1.2m. It reported 11 employees.