Helping Funds Foundation

Analysis

Helping Funds Foundation is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Helping Funds Foundation reported income of $245k and spending of $147k, leaving 40% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $503k to $245k (-51%), an average of -21% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Funds Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Rock N Our Disabilities Foundation ($244k), United Habitat Fund Inc ($245k) and Rapp at Home ($244k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $822k against liabilities of $0, net assets of $822k.