Helping Others to Succeed Inc

Analysis

Helping Others to Succeed Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Helping Others to Succeed Inc reported income of $1.7m and spending of $2.0m, spending 116% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+11%), an average of +3.7% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Others to Succeed Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include To Our Children S Future with Health ($1.7m), Bachman Lake Together ($1.7m) and Horn of Africa Community in North America ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $105k (5.4% of expenses). Other salaries and wages came to $448k. At year end it held assets of $527k against liabilities of $7,982, net assets of $519k. It reported 28 employees.