Eastern Carolina Payee Services Inc

Analysis

Eastern Carolina Payee Services Inc is a registered charity in United States, based in Farmville, NC. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Eastern Carolina Payee Services Inc reported income of $1.2m and spending of $1.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $944k to $1.2m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eastern Carolina Payee Services Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Wil-Mar Neighborhood Center Inc ($1.2m), Presa Community Service Center ($1.2m) and St Pius X Early Care and Education Center ($1.2m).

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 $251k (21% of expenses). Other salaries and wages came to $552k. At year end it held assets of $97k against liabilities of $0, net assets of $97k. It reported 20 employees.