Helps Ministries Inc

Analysis

Helps Ministries Inc is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in September 1988, 38 years ago. 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, Helps Ministries Inc reported income of $126k and spending of $93k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $141k to $126k (-11%), an average of -11% a year. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Helps Ministries Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within IL. Charities of a similar size with the same main cause include Cecil J S Maclaughlin Trust Fbo Ruth Chu Bank of America Ttee ($126k), Two Hundred Club of Essex County ($126k) and M C C Educational Foundation ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $122k against liabilities of $67k, net assets of $54k.