Pots Building for the Future Inc

Analysis

Pots Building for the Future Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pots Building for the Future Inc reported income of $244k and spending of $754k, spending 309% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $244k (-79%), an average of -32% a year. The sharpest change came in the year to December 2022, when income rose by 1207%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pots Building for the Future Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include The Oaks Womens Club Inc ($244k), Mount Gretna School of Art ($244k) and Schoolcare ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $3.4m against liabilities of $91k, net assets of $3.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.