Helping and Lending Outreach Support

Analysis

Helping and Lending Outreach Support is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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 2024, Helping and Lending Outreach Support reported income of $1.6m and spending of $1.8m, spending 113% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.2m to $1.6m (+32%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Helping and Lending Outreach Support sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within SC. Charities of a similar size with the same main cause include Boy Scouts of America ($1.6m), Boston Area Youth Soccer League Inc ($1.6m) and Family Y of Owensboro Daviess County Inc ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $121k (6.6% of expenses). Other salaries and wages came to $757k. At year end it held assets of $2.1m against liabilities of $195k, net assets of $1.9m. It reported 23 employees.