Helping Hands for Ukraine Inc

Analysis

Helping Hands for Ukraine Inc is a registered charity in United States, based in Rochester, MI. It received its IRS tax-exemption ruling in May 2022, 4 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 December 2023, Helping Hands for Ukraine Inc reported income of $52k and spending of $61k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $66k to $52k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hands for Ukraine Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within MI. Charities of a similar size with the same main cause include Project Outreach Gulf Coast ($52k), Inverse Ministries Inc ($52k) and Society of St Vincent de Paul St Edward Conference ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $2,628 against liabilities of $0, net assets of $2,628.