Straighttalk Association for Financial Empowerment

Analysis

Straighttalk Association for Financial Empowerment is a registered charity in United States, based in Corning, NY. It received its IRS tax-exemption ruling in June 2011, 15 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, Straighttalk Association for Financial Empowerment reported income of $85k and spending of $119k, spending 141% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $224k to $85k (-62%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 63%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Straighttalk Association for Financial Empowerment sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Kurdish American Development Organization Inc ($85k), Clay Foundation Inc ($85k) and Ezer Eliyahu Inc ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $382k against liabilities of $0, net assets of $382k.