Helpnest Inc

Analysis

Helpnest Inc is a registered charity in United States, based in Sandy, UT. It received its IRS tax-exemption ruling in April 2010, 16 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, Helpnest Inc reported income of $90k and spending of $104k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $90k (+11%), an average of +11% a year. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helpnest Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within UT. Charities of a similar size with the same main cause include Society of St Vincent de Paul of Waukesha County Inc ($90k), Back to School Celebration ($90k) and Jesse Klump Memorial Fund Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2,741 against liabilities of $0, net assets of $2,741.