Payee Services Inc

Analysis

Payee Services Inc is a registered charity in United States, based in Menomonie, WI. It received its IRS tax-exemption ruling in March 2007, 19 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 December 2023, Payee Services Inc reported income of $436k and spending of $447k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $436k (+9.2%), an average of +2.2% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Payee Services Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include Lifeline Inc ($436k), 22mohawks ($436k) and Truman Daycare & Learning Center Inc ($436k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $99k (22% of expenses). Other salaries and wages came to $170k. At year end it held assets of $12k against liabilities of $4,766, net assets of $6,794. It reported 11 employees.