Poverello House

Analysis

Poverello House is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Poverello House reported income of $19.4m and spending of $15.2m, leaving 22% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.9m to $19.4m (+402%), an average of +50% a year. The sharpest change came in the year to September 2023, when income rose by 125%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Poverello House sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include The Affordable Housing Trust for Columbus & Franklin County ($19.4m), Community First Fund ($19.6m) and Polk County Housing Trust Fund ($19.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $549k (3.6% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $19.6m against liabilities of $2.0m, net assets of $17.6m. It reported 148 employees.