Pay It Forward Outreach Corp

Analysis

Pay It Forward Outreach Corp is a registered charity in United States, based in Ocala, FL. 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 December 2023, Pay It Forward Outreach Corp reported income of $113k and spending of $91k, spending 81% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $210k to $113k (-46%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pay It Forward Outreach Corp sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 44th percentile within FL. Charities of a similar size with the same main cause include Street Teens a Nevada Non-Profit Corporation ($113k), Aase Haugen Foundation Inc ($113k) and Big Sky Rotary Foundation ($113k).

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 $245k against liabilities of $1,590, net assets of $244k.