Operation Pay It Forward

Analysis

Operation Pay It Forward is a registered charity in United States, based in Lehi, UT. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2023, Operation Pay It Forward reported income of $666k and spending of $645k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $477k to $666k (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 160%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Operation Pay It Forward sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within UT. Charities of a similar size with the same main cause include Rouquette III Inc ($666k), G-I-S Housing-Hillsborough Inc ($666k) and White County Senior Citizens Center Inc ($666k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.