Helping Hands Chore Service Inc

Helping Hands Chore Service Inc consistently operates on a lean budget with no executive compensation.

EIN: 10853068 · Winsted, CT · NTEE: P20 · Updated: 2026-03-27

$186KRevenue

$52KAssets

88/100Mission Score (Excellent)

P20

About Helping Hands Chore Service Inc

Helping Hands Chore Service Inc (EIN: 10853068) is a nonprofit organization based in Winsted, CT, classified under NTEE code P20. The organization reported total revenue of $186K and total assets of $52K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Helping Hands Chore Service Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Helping Hands Chore Service Inc demonstrates consistent financial activity, with annual revenues and expenses typically ranging between $177,066 and $238,132 over the past decade. The organization's assets have remained relatively stable, generally fluctuating between $48,955 and $88,536, indicating a modest but consistent operational capacity. While the organization has experienced deficits in some years, such as 2023 ($203,570 revenue vs. $221,131 expenses) and 2022 ($191,793 revenue vs. $211,051 expenses), these appear to be managed within its overall financial scope, as evidenced by the stability of its asset base. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries.

The organization's spending efficiency appears to be reasonable given its size and mission. With no reported officer compensation, a significant portion of its expenses is likely directed towards program delivery and necessary administrative functions. The relatively low asset base compared to annual revenue suggests that the organization operates on a lean model, utilizing most of its incoming funds for immediate operational needs rather than accumulating large reserves. This approach, combined with consistent filing of IRS Form 990s, contributes positively to its transparency profile.

Overall, Helping Hands Chore Service Inc appears to be a financially stable, albeit small, nonprofit with a clear commitment to its mission, as evidenced by its consistent operations and transparent financial practices, particularly the absence of executive compensation. While some years show minor operating deficits, these do not appear to threaten the organization's long-term viability given its consistent revenue streams and asset management.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Helping Hands Chore Service Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 85%
fundraising: 0%

According to IRS 990 filings, Helping Hands Chore Service Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of this size.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Helping Hands Chore Service Inc's IRS 990 filings:

Occasional operating deficits, such as in 2023 and 2022, where expenses exceeded revenue.

Strengths

The following positive indicators were identified for Helping Hands Chore Service Inc:

Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
Stable revenue and asset base over a decade, demonstrating consistent operations.
Regular filing of IRS Form 990s, indicating good transparency.
Lean operational model, with most funds likely directed to program delivery.

Frequently Asked Questions about Helping Hands Chore Service Inc

Is Helping Hands Chore Service Inc financially stable?

Yes, despite some years with minor operating deficits (e.g., 2023 with $221,131 expenses against $203,570 revenue), the organization's assets have remained relatively stable over the past decade, suggesting a managed financial approach and consistent operational capacity.

How much of its budget goes to executive salaries?

According to all available IRS 990 filings, officer compensation is consistently reported as 0%, meaning no funds are allocated to executive salaries.

Does the organization have significant reserves?

The organization's assets have generally ranged from $48,955 to $88,536, which are modest compared to its annual revenues (typically around $200,000). This suggests it operates with limited reserves, primarily using funds for immediate operational needs.

What is the trend in its revenue and expenses?

Revenue and expenses have been relatively consistent over the past decade, generally fluctuating between $177,066 and $238,132 for revenue, and $155,052 and $223,343 for expenses, indicating a stable operational scale.

Filing History

IRS 990 filing history for Helping Hands Chore Service Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Helping Hands Chore Service Inc's revenue has grown by 96.9%, moving from $103K to $204K. Total assets increased by 450.4% over the same period, from $9K to $52K. Total functional expenses rose by 112.3%, from $104K to $221K. In its most recent filing year (2023), Helping Hands Chore Service Inc reported a deficit of $18K, with expenses exceeding revenue. The organization holds $132 in liabilities against $52K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $52K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$204K	$221K	$52K	$132	—	—
2022	$192K	$211K	$70K	$931	—	View 990
2021	$238K	$221K	$89K	$8	—	View 990
2020	$204K	$198K	$73K	$1K	—	—
2019	$177K	$189K	$67K	$1K	—	—
2018	$219K	$221K	$69K	$19K	—	View 990
2017	$200K	$223K	$64K	$13K	—	View 990
2016	$217K	$196K	$82K	$7K	—	View 990
2015	$191K	$177K	$57K	$3K	—	View 990
2014	$179K	$155K	$49K	$9K	—	View 990
2013	$148K	$136K	$29K	$12K	—	View 990
2012	$113K	$108K	$15K	$10K	—	View 990
2011	$103K	$104K	$9K	$9K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $204K, expenses of $221K, and assets of $52K (revenue +6.1% year-over-year).
2022: Revenue of $192K, expenses of $211K, and assets of $70K (revenue -19.5% year-over-year).
2021: Revenue of $238K, expenses of $221K, and assets of $89K (revenue +16.7% year-over-year).
2020: Revenue of $204K, expenses of $198K, and assets of $73K (revenue +15.3% year-over-year).
2019: Revenue of $177K, expenses of $189K, and assets of $67K (revenue -19.0% year-over-year).
2018: Revenue of $219K, expenses of $221K, and assets of $69K (revenue +9.3% year-over-year).
2017: Revenue of $200K, expenses of $223K, and assets of $64K (revenue -7.7% year-over-year).
2016: Revenue of $217K, expenses of $196K, and assets of $82K (revenue +13.6% year-over-year).
2015: Revenue of $191K, expenses of $177K, and assets of $57K (revenue +6.8% year-over-year).
2014: Revenue of $179K, expenses of $155K, and assets of $49K (revenue +20.9% year-over-year).
2013: Revenue of $148K, expenses of $136K, and assets of $29K (revenue +30.2% year-over-year).
2012: Revenue of $113K, expenses of $108K, and assets of $15K (revenue +9.6% year-over-year).
2011: Revenue of $103K, expenses of $104K, and assets of $9K.

Data Sources and Methodology

This transparency report for Helping Hands Chore Service Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.