Help Office of Owensboro Inc

Analysis

Help Office of Owensboro Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in October 1972, 54 years ago. 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, Help Office of Owensboro Inc reported income of $534k and spending of $334k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $241k to $534k (+121%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 94%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Help Office of Owensboro Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within KY. Charities of a similar size with the same main cause include Washington Area Frisbee Club Inc ($534k), My School Inc ($534k) and Association of American Physicians ($534k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $30k (9.0% of expenses). Other salaries and wages came to $31k. At year end it held assets of $935k against liabilities of $2,768, net assets of $932k. It reported 3 employees.