Helix Steam Properties

Analysis

Helix Steam Properties is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Helix Steam Properties reported income of $654k and spending of $570k, spending 87% of its income. The sharpest change came in the year to June 2023, when income rose by 461%. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Helix Steam Properties sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within LA. Charities of a similar size with the same main cause include New Meadow Elderly Housing Inc ($653k), Metropolitan Housing Corporation ($654k) and A Malcolm Housing Development Fund Corporation ($653k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $9.6m against liabilities of $11.1m, net assets of -$1.5m.