Helping Arms Inc

Analysis

Helping Arms Inc is a registered charity in United States, based in Oradell, NJ. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Helping Arms Inc reported income of $717k and spending of $667k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $695k to $717k (+3.2%), an average of +0.8% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Helping Arms Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include P a D S ($717k), Fayetteville State University Student Housing Corporation ($717k) and Boulder Housing Coalition ($717k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $70k (10% of expenses). Other salaries and wages came to $92k. At year end it held assets of $1.2m against liabilities of $893k, net assets of $290k. It reported 4 employees.