Hoover Helps

Analysis

Hoover Helps is a registered charity in United States, based in Hoover, AL. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hoover Helps reported income of $156k and spending of $208k, spending 133% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $242k to $156k (-36%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 32%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hoover Helps sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within AL. Charities of a similar size with the same main cause include Industrial Developments Incorporated ($156k), Connecticut Tax Collectors Association Inc ($156k) and North Central Enterprise Inc ($156k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $36k (17% of expenses). At year end it held assets of $85k against liabilities of $0, net assets of $85k.