Carrie Steele Pitts Home Inc

Analysis

Carrie Steele Pitts Home Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in July 1942, 84 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 June 2024, Carrie Steele Pitts Home Inc reported income of $4.4m and spending of $1.2m, leaving 73% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.4m to $4.4m (+217%), an average of +26% a year. The sharpest change came in the year to June 2024, when income rose by 292%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carrie Steele Pitts Home Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Southside Unlimited ($4.4m), Youth Network Council ($4.4m) and Lake of the Ozarks Developmental Center Inc ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $163k (14% of expenses). Other salaries and wages came to $214k. At year end it held assets of $4.4m against liabilities of $206k, net assets of $4.2m. It reported 15 employees.