Amoveo Group

Analysis

Amoveo Group is a registered charity in United States, based in Media, PA. It received its IRS tax-exemption ruling in August 2014, 12 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 December 2023, Amoveo Group reported income of $467k and spending of $507k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $517k to $467k (-9.7%), an average of -2.5% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Amoveo Group sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include Community Bread Basket Inc ($467k), Greater Ishpeming Commission on Aging ($467k) and Natchez Childrens Home Services ($467k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $181k, net assets of -$170k.

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.