Pay Away the Layaway Inc

Analysis

Pay Away the Layaway Inc is a registered charity in United States, based in Goshen, NY. It received its IRS tax-exemption ruling in October 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 September 2021, Pay Away the Layaway Inc reported income of $449k and spending of $484k, spending 108% of what it took in. Across the 3 years on record, from September 2019 to September 2021, income grew from $432k to $449k (+4.0%), an average of +2.0% a year. The sharpest change came in the year to September 2021, when income rose by 192%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pay Away the Layaway Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Starkville Pregnancy Care Center ($449k), Community Lifeline ($449k) and Penfield Hope Inc ($449k).

On its Form 990 for the period ending September 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.