Helping Friends Foundation

Analysis

Helping Friends Foundation is a registered charity in United States, based in Sparks, MD. It received its IRS tax-exemption ruling in June 2000, 26 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 December 2023, Helping Friends Foundation reported income of $198k and spending of $295k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $251k to $198k (-21%), an average of -5.8% a year. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Helping Friends Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include LHS Rebels Baseball Boostr Club Inc ($198k), Andrew Jay-Hoon Kim Memorial Foundation ($198k) and Hellenic Hearts ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $872k against liabilities of $47k, net assets of $824k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.