Point Money Buyers

Analysis

Point Money Buyers is a registered charity in United States, based in Richmond, TX. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Point Money Buyers reported income of $81k and spending of $85k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $81k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Point Money Buyers sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within TX. Charities of a similar size with the same main cause include Beaverdale Public Library ($81k), Lifted Hands ($81k) and Friends of the Eddie V Gray Wetlands Education Center Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $43 against liabilities of $0, net assets of $43.