Helping Hands of Vegas Valley Inc

Analysis

Helping Hands of Vegas Valley Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in August 2000, 26 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 June 2023, Helping Hands of Vegas Valley Inc reported income of $4.7m and spending of $4.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $4.7m (+126%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 79%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hands of Vegas Valley Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within NV. Charities of a similar size with the same main cause include Oregon Casa Network ($4.7m), Marys Shelter ($4.7m) and California Invasive Plant Council ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $166k (3.5% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.8m against liabilities of $1.2m, net assets of $550k. It reported 48 employees.