Together Helping Others Inc

Analysis

Together Helping Others Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2018, 8 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, Together Helping Others Inc reported income of $342k and spending of $373k, spending 109% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $302k to $342k (+13%), an average of +4.2% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Together Helping Others Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Grace and Gratitude Sober Living Inc ($342k), Syun ($342k) and Child and Family Services Foundation ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $68k (18% of expenses). At year end it held assets of $35k against liabilities of $33k, net assets of $1,383. It reported 2 employees.

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.