Poplar Place Inc

Analysis

Poplar Place Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2024, Poplar Place Inc reported income of $110k and spending of $158k, spending 143% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $90k to $110k (+22%), an average of +4.1% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Poplar Place Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within PA. Charities of a similar size with the same main cause include Vinton Senior Manor Corporation ($110k), Fern Markwell Senior Housing Inc ($110k) and Network Housing 92 Inc ($110k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 64% and program service revenue 35% of the total. At year end it held assets of $783k against liabilities of $1.1m, net assets of -$295k.

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.