Helbig Community Development Corp

Analysis

Helbig Community Development Corp is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Helbig Community Development Corp reported income of $882k and spending of $1.2m, spending 137% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $491k to $882k (+80%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 867%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Helbig Community Development Corp sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include International Association of Bomb Technicians and Investigators ($882k), Toledo Area Sheet Metal Workers Joint Apprenticeship Committee ($883k) and SC Uplift Community Outreach ($881k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m.