Helena Group Foundation

Analysis

Helena Group Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2018, 8 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, Helena Group Foundation reported income of $707k and spending of $1.6m, spending 229% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $707k (-36%), an average of -11% a year. The sharpest change came in the year to December 2020, when income rose by 154%. Over the whole period it spent 134% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Helena Group Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Consortium for Educational Excellence Through Partnerships ($707k), Fulton Economic Development Corporation ($708k) and Restore Life Incorporated ($707k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $615k (38% of expenses). Other salaries and wages came to $55k. At year end it held assets of $1.6m against liabilities of $326k, net assets of $1.3m. It reported 6 employees.