Economic Council Helping Others Inc

Analysis

Economic Council Helping Others Inc is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in January 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Economic Council Helping Others Inc reported income of $7.5m and spending of $7.3m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.4m to $7.5m (+17%), an average of +4.0% a year. The sharpest change came in the year to September 2021, when income rose by 41%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Economic Council Helping Others Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NM. Charities of a similar size with the same main cause include Virginia Home for Boys and Girls ($7.5m), Pickaway County Community Action Organization ($7.5m) and Loaves & Fishes Family Kitchen ($7.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $184k (2.5% of expenses). Other salaries and wages came to $585k. At year end it held assets of $2.9m against liabilities of $185k, net assets of $2.8m. It reported 56 employees.