Payee Central Inc

Analysis

Payee Central Inc is a registered charity in United States, based in Alexandria, MN. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Payee Central Inc reported income of $388k and spending of $404k, spending 104% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $348k to $388k (+11%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income dropped by 21%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Payee Central Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Upper Tanana Development Corporation ($388k), Share Food Share Love Food Pantry ($388k) and Nodaway County Senior Citizens Senate Inc ($388k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $206k. At year end it held assets of $2,567 against liabilities of $17k, net assets of -$14k. It reported 3 employees.