Escape From Poverty

Analysis

Escape From Poverty is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in November 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 (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, Escape From Poverty reported income of $62k and spending of $107k, spending 173% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $62k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 133% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Escape From Poverty sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within LA. Charities of a similar size with the same main cause include Cancer Crackdown Inc ($62k), Jack Vasel Memorial Fund Limited ($62k) and Best in the West Cookers ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $36k against liabilities of $1,470, net assets of $35k.