Lending Hands Inc

Analysis

Lending Hands Inc is a registered charity in United States, based in Artesia, NM. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lending Hands Inc reported income of $985k and spending of $909k, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $557k to $985k (+77%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lending Hands Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NM. Charities of a similar size with the same main cause include Community Support Brokerage ($985k), Butterfly Bridge Childrens Advocacy Center Inc ($985k) and Muslims Giving Back Inc ($985k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $726k. At year end it held assets of $738k against liabilities of $71k, net assets of $667k. It reported 61 employees.