Helping Project Corp

Analysis

Helping Project Corp is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in September 2017, 9 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 2023, Helping Project Corp reported income of $73k and spending of $163k, spending 222% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $188k to $73k (-61%), an average of -37% a year. The sharpest change came in the year to December 2022, when income dropped by 42%. Over the whole period it spent 159% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Project Corp sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include Helping Other People Excel Inc ($73k), Angel House Bereavement Center Inc ($73k) and Society of St Vincent de Paul St Katherine Drexel Conference ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.