Help Foundation Inc

Analysis

Help Foundation Inc is a registered charity in United States, based in Euclid, OH. It received its IRS tax-exemption ruling in August 1989, 37 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, Help Foundation Inc reported income of $12.3m and spending of $10.8m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.4m to $12.3m (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Help Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include The Arc of Ventura County Inc ($12.3m), Jewish Family and Childrens Service of Minneapolis ($12.3m) and New Hope Ministries Inc ($12.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $887k (8.2% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $20.7m against liabilities of $1.5m, net assets of $19.2m. It reported 480 employees.