Practical Rep Payee Services Inc

Analysis

Practical Rep Payee Services Inc is a registered charity in United States, based in Mayer, MN. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Practical Rep Payee Services Inc reported income of $162k and spending of $164k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $136k to $162k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Practical Rep Payee Services Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Ranchers Ride Inc ($162k), Healthy Kids Katering Service of Paterson Inc ($162k) and Back Pack Blessings Inc ($162k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $132k (81% of expenses). At year end it held assets of $848k against liabilities of $824k, net assets of $24k. It reported 2 employees.