Paisley House

Analysis

Paisley House is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in May 1963, 63 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 June 2023, Paisley House reported income of $741k and spending of $1.1m, spending 143% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $767k to $741k (-3.3%), an average of -1.1% a year. Over the whole period it spent 142% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Paisley House sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Alliance for Community Advocacy ($741k), Harry and Jeanette Weinberg Woods Inc ($741k) and Hospice of Salina Incorporated ($740k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10.0% and program service revenue 45% of the total. Other salaries and wages came to $684k. At year end it held assets of $4.7m against liabilities of $0, net assets of $4.7m. It reported 38 employees.

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.