Helpful Hearts Community Closet Inc

Analysis

Helpful Hearts Community Closet Inc is a registered charity in United States, based in Lyons, NY. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Helpful Hearts Community Closet Inc reported income of $126k and spending of $89k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $141k to $126k (-11%), an average of -11% a year. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helpful Hearts Community Closet Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Thi-12 ($126k), Silverdale Whaling Days ($126k) and Sweetwater Cultural Center Inc ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $240k against liabilities of $0, net assets of $240k.