Poverello Center Inc

Analysis

Poverello Center Inc is a registered charity in United States, based in Missoula, MT. It received its IRS tax-exemption ruling in April 1975, 51 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Poverello Center Inc reported income of $5.8m and spending of $4.8m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $5.8m (+124%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Poverello Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within MT. Charities of a similar size with the same main cause include Eventide West Fargo LLC ($5.8m), Caritas Communities Inc ($5.8m) and Frederick Rescue Mission Inc ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $89k (1.8% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $7.8m against liabilities of $995k, net assets of $6.8m. It reported 133 employees.