The Helping Center of Marble Falls Area Inc

Analysis

The Helping Center of Marble Falls Area Inc is a registered charity in United States, based in Marble Falls, TX. It received its IRS tax-exemption ruling in October 1987, 39 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, The Helping Center of Marble Falls Area Inc reported income of $2.8m and spending of $2.9m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.8m (+145%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Helping Center of Marble Falls Area Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Yolo Employment Services ($2.8m), Boy Scouts of America ($2.8m) and Prospanica ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.1% of the total. Other salaries and wages came to $123k. At year end it held assets of $1.9m against liabilities of $3,914, net assets of $1.9m. It reported 4 employees.