Helms Housing Inc

Analysis

Helms Housing Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Helms Housing Inc reported income of $120k and spending of $169k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $109k to $120k (+10%), an average of +2.4% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Helms Housing Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within CT. Charities of a similar size with the same main cause include Indiana Dream Center Inc ($120k), Casa Tierra Sa-1 Inc ($120k) and Shine Ministries Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $475k against liabilities of $100k, net assets of $375k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.