Encouraging Place

Analysis

Encouraging Place is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 2019, 7 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, Encouraging Place reported income of $117k and spending of $121k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $117k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Encouraging Place sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Rush Springs Senior Citizens Association Inc ($117k), Aberdeen Senior Citizens of Bingham County Inc ($117k) and Restoring Hope International Foundation ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. At year end it held assets of $85k against liabilities of $1,918, net assets of $83k.