Helping Restore Ability

Analysis

Helping Restore Ability is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in October 1977, 49 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 August 2023, Helping Restore Ability reported income of $24.4m and spending of $25.2m, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $26.9m to $24.4m (-9.3%), an average of -2.4% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Helping Restore Ability sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Mercy Life Inc ($24.4m), Sinai Special Needs Institute ($24.4m) and The Forman School Inc ($24.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $676k (2.7% of expenses). Other salaries and wages came to $20.3m. At year end it held assets of $4.7m against liabilities of $4.9m, net assets of -$169k. It reported 177 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.