Incharge Financial Solutions

Analysis

Incharge Financial Solutions is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in July 1998, 28 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, Incharge Financial Solutions reported income of $14.3m and spending of $15.8m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $17.2m to $14.3m (-17%), an average of -4.4% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Incharge Financial Solutions sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include St Lukes Home ($14.3m), Fry Plumbing and Heating Non Profit ($14.3m) and Housing Families Inc ($14.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $1.3m (8.4% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $8.3m against liabilities of $2.2m, net assets of $6.1m. It reported 126 employees.