514 Initiative

Analysis

514 Initiative is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in September 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, 514 Initiative reported income of $98k and spending of $118k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $197k to $98k (-50%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 135% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 514 Initiative sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include Kilimanjaro Childrens Fund ($98k), American Irish Association of Woodbridge ($98k) and Compass Finances Gods Way Arkansas Inc ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $56k against liabilities of $590, net assets of $55k.