The Helicon Foundation Inc

Analysis

The Helicon Foundation Inc is a registered charity in United States, based in Cortlandt MNR, NY. It received its IRS tax-exemption ruling in January 1985, 41 years ago. 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 June 2023, The Helicon Foundation Inc reported income of $132k and spending of $150k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $118k to $132k (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Helicon Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Iglesia Del Senor Jesucristo En Las Americas ($132k), Copenhagen Hapy Achers Housing ($132k) and American Society of Civil Engineers ($132k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 1.3% of the total. Other salaries and wages came to $51k. At year end it held assets of $264k against liabilities of $1,534, net assets of $262k. It reported 2 employees.

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.