Helping Our People Excel Community Development Corporation

Analysis

Helping Our People Excel Community Development Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Helping Our People Excel Community Development Corporation reported income of $1.8m and spending of $1.5m, spending 84% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $330k to $1.8m (+439%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 190%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Helping Our People Excel Community Development Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Desert Survivors Inc ($1.8m), Finger Lakes Workforce Investment Board Inc ($1.8m) and Fort Wayne-Allen County Economic Development Alliance Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $161k (11% of expenses). Other salaries and wages came to $768k. At year end it held assets of $1.0m against liabilities of $207k, net assets of $821k. It reported 247 employees.