Helping Hands Support Inc
EIN: 300265118 · Sarasota, FL · NTEE: X19
Is Helping Hands Support Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Helping Hands Support Inc
Helping Hands Support Inc (EIN: 300265118) is a nonprofit organization based in Sarasota, FL, classified under NTEE code X19. The organization reported total revenue of $8.8M and total assets of $18.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Helping Hands Support Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Helping Hands Support Inc is a mid-size nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $7.0M |
| Surplus / Deficit | $-2,613,155 |
| Total Assets | $12.3M |
| Total Liabilities | $1.4M |
| Net Assets | $10.9M |
| Operating Margin | -60.2% |
| Debt-to-Asset Ratio | 11.7% |
| Months of Reserves | 21.3 months |
Financial Health Grade: B
In 2022, Helping Hands Support Inc reported a deficit of $2.6M with expenses exceeding revenue, holds 21.3 months of operating reserves (strong position), has a debt-to-asset ratio of 11.7% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Helping Hands Support Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -74.1% | -74.5% | -10.3% |
| 2021 | +235.0% | +314.7% | -42.8% |
| 2020 | -30.6% | -8.8% | -6.1% |
| 2019 | -19.5% | +32.0% | +2.2% |
| 2018 | +30.6% | +27.5% | +16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Helping Hands Support Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Helping Hands Support Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.7%.
Frequently Asked Questions about Helping Hands Support Inc
Is Helping Hands Support Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Helping Hands Support Inc (EIN: 300265118) insufficient data. 0 red flags identified, 0 strengths noted.
How does Helping Hands Support Inc spend its money?
Detailed spending breakdown data is not yet available for Helping Hands Support Inc. Check back for updated IRS 990 analysis.
Are donations to Helping Hands Support Inc tax-deductible?
Helping Hands Support Inc is registered as a tax-exempt nonprofit (EIN: 300265118). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Helping Hands Support Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Helping Hands Support Inc's revenue has grown by 52.4%, moving from $2.8M to $4.3M. Total assets increased by 24.4% over the same period, from $9.9M to $12.3M. Total functional expenses rose by 274.7%, from $1.9M to $7.0M. In its most recent filing year (2022), Helping Hands Support Inc reported a deficit of $2.6M, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $12.3M in assets (debt-to-asset ratio: 11.7%), resulting in net assets of $10.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $4.3M | $7.0M | $12.3M | $1.4M | — | View 990 |
| 2021 | $16.7M | $27.2M | $13.8M | $0 | — | View 990 |
| 2020 | $5.0M | $6.6M | $24.0M | $32K | — | View 990 |
| 2019 | $7.2M | $7.2M | $25.6M | $32K | — | View 990 |
| 2018 | $8.9M | $5.4M | $25.0M | $26K | — | View 990 |
| 2017 | $6.8M | $4.3M | $21.6M | $38K | — | View 990 |
| 2016 | $3.0M | $2.3M | $18.7M | $20K | — | — |
| 2015 | $19.6M | $1.0M | $27.0M | $20K | — | View 990 |
| 2014 | $855K | $2.1M | $8.5M | $26K | — | View 990 |
| 2013 | $1.4M | $755K | $9.7M | $20K | — | View 990 |
| 2012 | $1.1M | $846K | $9.1M | $20K | — | View 990 |
| 2011 | $2.8M | $1.9M | $9.9M | $720K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $4.3M, expenses of $7.0M, and assets of $12.3M (revenue -74.1% year-over-year).
- 2021: Revenue of $16.7M, expenses of $27.2M, and assets of $13.8M (revenue +235.0% year-over-year).
- 2020: Revenue of $5.0M, expenses of $6.6M, and assets of $24.0M (revenue -30.6% year-over-year).
- 2019: Revenue of $7.2M, expenses of $7.2M, and assets of $25.6M (revenue -19.5% year-over-year).
- 2018: Revenue of $8.9M, expenses of $5.4M, and assets of $25.0M (revenue +30.6% year-over-year).
- 2017: Revenue of $6.8M, expenses of $4.3M, and assets of $21.6M (revenue +128.0% year-over-year).
- 2016: Revenue of $3.0M, expenses of $2.3M, and assets of $18.7M (revenue -84.7% year-over-year).
- 2015: Revenue of $19.6M, expenses of $1.0M, and assets of $27.0M (revenue +2189.6% year-over-year).
- 2014: Revenue of $855K, expenses of $2.1M, and assets of $8.5M (revenue -38.0% year-over-year).
- 2013: Revenue of $1.4M, expenses of $755K, and assets of $9.7M (revenue +23.9% year-over-year).
- 2012: Revenue of $1.1M, expenses of $846K, and assets of $9.1M (revenue -60.9% year-over-year).
- 2011: Revenue of $2.8M, expenses of $1.9M, and assets of $9.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Helping Hands Support Inc:
Data Sources and Methodology
This transparency report for Helping Hands Support 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.