Helps Education Fund

Analysis

Helps Education Fund is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Helps Education Fund reported income of $2.7m and spending of $2.3m, spending 86% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $333k to $2.7m (+701%), an average of +68% a year. The sharpest change came in the year to May 2020, when income rose by 101%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Helps Education Fund sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Womens Institute of Torah Seminary for Girls Inc ($2.7m), Success Foundation Serving Greeley-Evans Schools Inc ($2.7m) and Poder Academy Incorporated ($2.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $270k (12% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.6m against liabilities of $102k, net assets of $1.5m. It reported 111 employees.