Exito Inc

Analysis

Exito Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in January 2006, 20 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 2022, Exito Inc reported income of $141k and spending of $1.6m, spending 1162% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $46k to $141k (+203%), an average of +45% a year. The sharpest change came in the year to December 2020, when income rose by 712%. Over the whole period it spent 292% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Exito Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within AZ. Charities of a similar size with the same main cause include Hands of Mercy Enterprises of Roane County Inc ($141k), Florence Fuller Child Development Foundation Inc ($141k) and Helping Others Promoting Empowerment to New Heights Inc ($141k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $12k, net assets of $1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.