Puzzle Pieces Inc

Analysis

Puzzle Pieces Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in January 2012, 14 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, Puzzle Pieces Inc reported income of $5.4m and spending of $4.5m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $5.4m (+181%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Puzzle Pieces Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KY. Charities of a similar size with the same main cause include Crime Victims Treatment Center Inc ($5.4m), Prosperityme ($5.4m) and Home of Grace Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 83% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $5.5m against liabilities of $3.6m, net assets of $2.0m. It reported 146 employees.