Moving Out Inc

Analysis

Moving Out Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in April 1996, 30 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, Moving Out Inc reported income of $3.5m and spending of $4.6m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $3.5m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Moving Out Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include Tory Burch Foundation Inc ($3.5m), New Beginnings for Tomorrow Inc ($3.5m) and Interfaith Family Services ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $254k (5.5% of expenses). Other salaries and wages came to $798k. At year end it held assets of $25.6m against liabilities of $15.9m, net assets of $9.7m. It reported 17 employees.