Point Programs Inc

Analysis

Point Programs Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in January 1986, 40 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Point Programs Inc reported income of $7.7m and spending of $8.0m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $7.7m (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Point Programs Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within KY. Charities of a similar size with the same main cause include Pidc Community Capital ($7.7m), Renaissance Entrepreneurship Center ($7.7m) and Skyline Center Inc ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 92% of the total. Other salaries and wages came to $5.1m. At year end it held assets of $10.1m against liabilities of $11.7m, net assets of -$1.7m. It reported 211 employees.