Gaithersburg Help Inc

Analysis

Gaithersburg Help Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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 December 2023, Gaithersburg Help Inc reported income of $709k and spending of $739k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $393k to $709k (+81%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 122%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gaithersburg Help Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include All Africa Conference-Sister to Sister Inc ($709k), Villa Maria Health Care SVC Inc ($709k) and President John F Kennedy Manor II ($709k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $564k against liabilities of $156k, net assets of $408k.