Helping Hands Silicon Valley

Analysis

Helping Hands Silicon Valley is a registered charity in United States, based in Sunnyvale, CA. It received its IRS tax-exemption ruling in October 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, Helping Hands Silicon Valley reported income of $155k and spending of $128k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $155k (+63%), an average of +63% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hands Silicon Valley 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 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include New Englands Wounded Veterans Inc ($155k), International Missionary Network ($155k) and The Tulsa Initiative Inc ($155k).

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 $89k against liabilities of $0, net assets of $89k.