P2l Inc

Analysis

P2l Inc is a registered charity in United States, based in Norcross, GA. It received its IRS tax-exemption ruling in March 2016, 10 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 May 2023, P2l Inc reported income of $974k and spending of $918k, spending 94% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $416k to $974k (+134%), an average of +24% a year. The sharpest change came in the year to May 2022, when income rose by 50%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, P2l Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within GA. Charities of a similar size with the same main cause include Appletons Community Child Care Center Incorporated ($974k), Raiseup Families ($974k) and Association Retreat Center Inc ($973k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 80% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $92k (10% of expenses). Other salaries and wages came to $573k. At year end it held assets of $541k against liabilities of $35k, net assets of $507k. It reported 21 employees.