Poohs Corner Inc

Analysis

Poohs Corner Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in September 1987, 39 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 August 2023, Poohs Corner Inc reported income of $358k and spending of $425k, spending 119% of what it took in. Across the 4 years on record, from August 2018 to August 2023, income fell from $550k to $358k (-35%), an average of -13% a year. The sharpest change came in the year to August 2023, when income dropped by 39%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Poohs Corner Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Ethaar Inc ($358k), Lexington House of Elkhart Inc ($358k) and Big Homie Ministries International ($358k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $84k (20% of expenses). Other salaries and wages came to $221k. At year end it held assets of $185k against liabilities of $11k, net assets of $174k. It reported 8 employees.