The H E L P USA Fund Inc

Analysis

The H E L P USA Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The H E L P USA Fund Inc reported income of $970k and spending of $1.2m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $970k (-61%), an average of -21% a year. The sharpest change came in the year to June 2020, when income rose by 75%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The H E L P USA Fund Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Entrepreneurs Organization ($970k), Southern Parkland Youth Association ($971k) and Valley Associates for Independent Living Inc ($970k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $237k (20% of expenses). Other salaries and wages came to $236k. At year end it held assets of $6.0m against liabilities of $2.0m, net assets of $4.0m. It reported 5 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.