Payee Services & Solutions

Analysis

Payee Services & Solutions is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in May 2024, 2 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, Payee Services & Solutions reported income of $103k and spending of $97k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $103k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Payee Services & Solutions sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within IA. Charities of a similar size with the same main cause include Jasons Dreams for Kids Inc ($103k), Breezewood Trucker-Traveler Ministry ($103k) and Fenway Community Center at Viridian Inc ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.