Helping the Homeless Inc

Analysis

Helping the Homeless Inc is a registered charity in United States, based in Edison, NJ. It received its IRS tax-exemption ruling in October 2017, 9 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 December 2023, Helping the Homeless Inc reported income of $1.7m and spending of $20.1m, spending 1212% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $463k to $1.7m (+259%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 4212%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping the Homeless Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Friends of Twin Valley Association ($1.7m), Oklahoma Association of Community Action Agencies Inc ($1.7m) and Eastern Connecticut Transportation Consortium Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. Other salaries and wages came to $221k. At year end it held assets of $768k against liabilities of $18k, net assets of $750k. It reported 15 employees.