Point of Life Corp

Analysis

Point of Life Corp is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in January 2002, 24 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, Point of Life Corp reported income of $78k and spending of $90k, spending 115% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $473k to $78k (-83%), an average of -59% a year. The sharpest change came in the year to December 2023, when income dropped by 83%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Point of Life Corp sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include River Bend Food Pantry ($78k), Emergency Christian Ministries Inc ($78k) and Holy Cross Conference ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $390k against liabilities of $0, net assets of $390k.