Alltrust Payee Corporation Inc

Analysis

Alltrust Payee Corporation Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Alltrust Payee Corporation Inc reported income of $241k and spending of $242k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $218k to $241k (+11%), an average of +5.3% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alltrust Payee Corporation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include World Changers International ($241k), Rutherford Cooperative Day Nursery ($241k) and Western Piedmont Education Consortium ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $33k (14% of expenses). Other salaries and wages came to $140k. At year end it held assets of $2,507 against liabilities of $0, net assets of $2,507. It reported 5 employees.

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.