Lets Help Inc

Analysis

Lets Help Inc is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in September 1973, 53 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, Lets Help Inc reported income of $2.7m and spending of $688k, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $414k to $2.7m (+545%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 422%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lets Help Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within KS. Charities of a similar size with the same main cause include Feeding Alabama ($2.7m), Homes of Hope Inc ($2.7m) and Community Access to the Arts Inc ($2.7m).

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 $99k (14% of expenses). Other salaries and wages came to $144k. At year end it held assets of $3.1m against liabilities of $230, net assets of $3.1m. It reported 5 employees.