Holding Out Help Inc

Analysis

Holding Out Help Inc is a registered charity in United States, based in Draper, UT. It received its IRS tax-exemption ruling in February 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 December 2023, Holding Out Help Inc reported income of $566k and spending of $585k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $339k to $566k (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 270%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holding Out Help Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within UT. Charities of a similar size with the same main cause include Chaplains on the Harbor ($566k), Take the City Inc ($566k) and Ambassadors of Compassion International Inc ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $31k (5.3% of expenses). Other salaries and wages came to $278k. At year end it held assets of $1.7m against liabilities of $12k, net assets of $1.7m. It reported 11 employees.