Exodus Financial Services

Analysis

Exodus Financial Services is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in February 2017, 9 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, Exodus Financial Services reported income of $423k and spending of $667k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $269k to $423k (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 99%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Exodus Financial Services sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Innovative Poverty Solutions ($423k), People Care Inc ($423k) and Kauai Independent Daycare Service Inc ($423k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $104k (16% of expenses). Other salaries and wages came to $281k. At year end it held assets of $631k against liabilities of $204k, net assets of $427k. It reported 7 employees.