Helping Hands Wellness Center Kalamazoo

Analysis

Helping Hands Wellness Center Kalamazoo is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Helping Hands Wellness Center Kalamazoo reported income of $10.2m and spending of $1.0m, leaving 90% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $64k to $10.2m (+15848%), an average of +15848% a year. The sharpest change came in the year to June 2023, when income rose by 15848%. Over the whole period it spent 10% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Helping Hands Wellness Center Kalamazoo sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Health Research and Educational Trust ($10.2m), Hereditary Angioedema Association Inc ($10.2m) and Provident Inc ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $63k (6.2% of expenses). Other salaries and wages came to $306k. At year end it held assets of $9.5m against liabilities of $291k, net assets of $9.2m.