Help Initiative Inc

Analysis

Help Initiative Inc is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Help Initiative Inc reported income of $2.8m and spending of $2.0m, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.5m to $2.8m (+91%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Help Initiative Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within DE. Charities of a similar size with the same main cause include Sophia Snow House Inc ($2.8m), First Congregational Memorial Tower ($2.8m) and Wesley Gardens Retirement Community Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.6% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $888k against liabilities of $3,821, net assets of $884k. It reported 31 employees.