Pones Inc

Analysis

Pones Inc is a registered charity in United States, based in Highland HGTS, KY. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Pones Inc reported income of $191k and spending of $156k, spending 82% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $102k to $191k (+88%), an average of +88% a year. The sharpest change came in the year to August 2023, when income rose by 88%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pones Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within KY. Charities of a similar size with the same main cause include Echoes Africa Initiatives ($191k), Virginia Beach Educational Broadcasting Foundation Inc ($191k) and Naked Angels Ltd ($191k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $105k against liabilities of $1,324, net assets of $104k.