Help on the Way

Analysis

Help on the Way is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 2009, 17 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, Help on the Way reported income of $5.4m and spending of $4.8m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $5.4m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Help on the Way sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include The Festival Foundation ($5.4m), Masonic Home and School of Texas ($5.4m) and Sheboygan County Y M C a ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $186k (3.8% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $3.3m against liabilities of $1.9m, net assets of $1.4m. It reported 85 employees.