Helping Ensure Africa Looms International Inc

Analysis

Helping Ensure Africa Looms International Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in July 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, Helping Ensure Africa Looms International Inc reported income of $71k and spending of $49k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $151k to $71k (-53%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 47% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Ensure Africa Looms International Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Heart and Home for Kids ($71k), Lifeline Food Pantry ($71k) and Cove a Family Community Center ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $290k against liabilities of $27k, net assets of $263k.