Helo Incorporated

Analysis

Helo Incorporated is a registered charity in United States, based in Storrs Manfld, CT. It received its IRS tax-exemption ruling in February 2014, 12 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 December 2023, Helo Incorporated reported income of $139k and spending of $202k, spending 146% of what it took in. Across the 4 years on record, from December 2018 to December 2023, income fell from $287k to $139k (-52%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 56%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helo Incorporated sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within CT. Charities of a similar size with the same main cause include Agudath Israel of New England ($139k), Pivot Ministry Inc ($139k) and Audreys Resale Boutique ($139k).

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 $227k against liabilities of $0, net assets of $227k.