H E L P Development Corp

Analysis

H E L P Development Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1996, 30 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 June 2023, H E L P Development Corp reported income of $7.7m and spending of $1.6m, leaving 80% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $7.7m (+136%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 164%. Over the whole period it spent 33% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, H E L P Development Corp sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Washington Senior Care Corporation ($7.7m), Midtown Partners Inc ($7.7m) and Feeding Middlesex County ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $19k (1.2% of expenses). Other salaries and wages came to $887k. At year end it held assets of $48.0m against liabilities of $11.8m, net assets of $36.2m. It reported 8 employees.