Helio Foundation

Analysis

Helio Foundation is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2022, Helio Foundation reported income of $174k and spending of $329k, spending 189% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $1.2m to $174k (-85%), an average of -85% a year. The sharpest change came in the year to December 2022, when income dropped by 85%. Over the whole period it spent 83% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Helio Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within LA. Charities of a similar size with the same main cause include Center for the Study of Islam and Democracy Inc ($174k), Giving to Extremes ($175k) and Sister Parish Ministry Inc ($174k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $27k (8.3% of expenses). At year end it held assets of $246k against liabilities of $0, net assets of $246k. It reported 1 employees.