Paper Machete Group Inc NFP

Analysis

Paper Machete Group Inc NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2011, 15 years ago. 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, Paper Machete Group Inc NFP reported income of $95k and spending of $101k, spending 107% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $54k to $95k (+75%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paper Machete Group Inc NFP sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within IL. Charities of a similar size with the same main cause include Ball Ventures Legacy Foundation Inc ($95k), International Communion of the Charismatic Episcopal Church ($95k) and Village Bloom Foundation ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. At year end it held assets of $17k against liabilities of $3,500, net assets of $13k.

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.