Pauls Place Inc

Analysis

Pauls Place Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1985, 41 years ago. Its declared purposes cover food, agriculture and nutrition, 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 June 2023, Pauls Place Inc reported income of $2.4m and spending of $4.0m, spending 166% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.5m to $2.4m (-31%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pauls Place Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Guardian Angel Thrift ($2.4m), Amigos de Jesus ($2.4m) and Operation Kids Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 108% of the total. Compensation of current officers, directors and key employees was $178k (4.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $13.1m against liabilities of $3.3m, net assets of $9.8m. It reported 23 employees.