Henry County Helping Hands Inc
EIN: 352424654 · New Castle, KY · NTEE: P40
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $182K |
| Net Assets | $100K |
Is Henry County Helping Hands Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Henry County Helping Hands Inc
Henry County Helping Hands Inc (EIN: 352424654) is a nonprofit organization based in New Castle, KY, classified under NTEE code P40. The organization reported total revenue of $1.2M and total assets of $438K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Henry County Helping Hands Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Henry County Helping Hands Inc is a mid-size nonprofit that has been operating for 9 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 99.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $182K |
| Total Expenses | $182K |
| Surplus / Deficit | +$64 |
| Total Assets | $188K |
| Total Liabilities | $88K |
| Net Assets | $100K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 46.7% |
| Months of Reserves | 12.4 months |
Financial Health Grade: A
In 2023, Henry County Helping Hands Inc reported a surplus of $64 with revenue exceeding expenses, holds 12.4 months of operating reserves (strong position), has a debt-to-asset ratio of 46.7% (moderate leverage).
Financial Trends
Over 2 years of filings (2022–2023), Henry County Helping Hands Inc's revenue has grown at a compound annual growth rate (CAGR) of 99.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +99.3% | +99.4% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Henry County Helping Hands 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 Henry County Helping Hands 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $64, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.7%.
Frequently Asked Questions about Henry County Helping Hands Inc
Is Henry County Helping Hands Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Henry County Helping Hands Inc (EIN: 352424654) insufficient data. 0 red flags identified, 0 strengths noted.
How does Henry County Helping Hands Inc spend its money?
Detailed spending breakdown data is not yet available for Henry County Helping Hands Inc. Check back for updated IRS 990 analysis.
Are donations to Henry County Helping Hands Inc tax-deductible?
Henry County Helping Hands Inc is registered as a tax-exempt nonprofit (EIN: 352424654). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Henry County Helping Hands Inc located?
Henry County Helping Hands Inc is headquartered in New Castle, Kentucky and files with the IRS under EIN 352424654. It is classified under NTEE code P40.
How many years of IRS 990 filings does Henry County Helping Hands Inc have?
Henry County Helping Hands Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.2M in total revenue.
Filing History
IRS 990 filing history for Henry County Helping Hands Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Henry County Helping Hands Inc's revenue has grown by 99.3%, moving from $92K to $182K. Total assets increased by 0% over the same period, from $188K to $188K. Total functional expenses rose by 99.4%, from $91K to $182K. In its most recent filing year (2023), Henry County Helping Hands Inc reported a surplus of $64, with revenue exceeding expenses. The organization holds $88K in liabilities against $188K in assets (debt-to-asset ratio: 46.7%), resulting in net assets of $100K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $182K | $182K | $188K | $88K | — | View 990 |
| 2022 | $92K | $91K | $188K | $88K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Henry County Helping Hands Inc:
Data Sources and Methodology
This transparency report for Henry County Helping Hands 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.