Mypfm

Analysis

Mypfm is a registered charity in United States, based in Killeen, TX. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mypfm reported income of $189k and spending of $192k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $145k to $189k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mypfm sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Institute for Global Outreach Inc ($189k), Hands Producing Hope Incorporated ($189k) and Rhett Sullivan Foundation ($189k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $5,331 against liabilities of $22, net assets of $5,309.