Helping Others Soar Foundation

Analysis

Helping Others Soar Foundation is a registered charity in United States, based in Chico, CA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Helping Others Soar Foundation reported income of $3.0m and spending of $997k, leaving 67% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $33.5m to $3.0m (-91%), an average of -45% a year. The sharpest change came in the year to June 2021, when income rose by 739%. Over the whole period it spent 4.0% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Helping Others Soar Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Childrens Miracle Network of Greater St Louis ($3.0m), Monarch Health Services Inc ($3.0m) and Pernet Family Health Service Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $125k (13% of expenses). At year end it held assets of $58.4m against liabilities of $162k, net assets of $58.2m.