Hopes Helping Hands of NC

Analysis

Hopes Helping Hands of NC is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in March 2021, 5 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, Hopes Helping Hands of NC reported income of $161k and spending of $206k, spending 128% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $243k to $161k (-34%), an average of -19% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 130% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopes Helping Hands of NC sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Spring Ford Youth Football and Cheer Inc ($161k), Plymouth Community Food Pantry ($161k) and Mission Kids Community ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Other salaries and wages came to $87k. At year end it held assets of -$220k against liabilities of $0, net assets of -$220k.