Exceptional Persons Inc

Analysis

Exceptional Persons Inc is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in May 1958, 68 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 June 2023, Exceptional Persons Inc reported income of $21.7m and spending of $21.4m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $20.3m to $21.7m (+7.0%), an average of +2.3% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Exceptional Persons Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within IA. Charities of a similar size with the same main cause include United Services Inc ($21.7m), Accord ($21.7m) and Fredericksburg Regional Foodbank ($21.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $327k (1.5% of expenses). Other salaries and wages came to $13.9m. At year end it held assets of $17.2m against liabilities of $3.5m, net assets of $13.7m. It reported 425 employees.