Helps Community Initiatives Inc

Analysis

Helps Community Initiatives Inc is a registered charity in United States, based in Palm Bay, FL. It received its IRS tax-exemption ruling in May 2016, 10 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, Helps Community Initiatives Inc reported income of $389k and spending of $370k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $389k (+474%), an average of +474% a year. The sharpest change came in the year to December 2023, when income rose by 474%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Helps Community Initiatives Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Capitol Projects Inc ($388k), South Bank Partners Inc ($389k) and Westport Rotary Club Foundation Inc ($388k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $62k. At year end it held assets of $26k against liabilities of $0, net assets of $26k. It reported 5 employees.