The Jesse Helms Center Foundation

Analysis

The Jesse Helms Center Foundation is a registered charity in United States, based in Wingate, NC. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, The Jesse Helms Center Foundation reported income of $1.0m and spending of $1.2m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.0m (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 109% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Jesse Helms Center Foundation 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 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Protectors of Companion Animals Inc ($1.0m), Team Maryland Ice Hockeyorganization Inc ($1.0m) and Utah Afterschool Network ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $215k (19% of expenses). Other salaries and wages came to $108k. At year end it held assets of $9.5m against liabilities of $25k, net assets of $9.5m. It reported 13 employees.

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.