Center of Help Inc

Analysis

Center of Help Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in May 2002, 24 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 2022, Center of Help Inc reported income of $622k and spending of $650k, spending 105% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $314k to $622k (+98%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 55%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center of Help Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Diane Cathey Center ($622k), Forage ($622k) and Family Support Center Inc ($622k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $27k (4.2% of expenses). Other salaries and wages came to $304k. At year end it held assets of $199k against liabilities of $98k, net assets of $101k. It reported 15 employees.