Poah Support Corporation 2

Analysis

Poah Support Corporation 2 is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Poah Support Corporation 2 reported income of $272k and spending of $415k, spending 153% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $98k to $272k (+178%), an average of +41% a year. The sharpest change came in the year to December 2022, when income rose by 957%. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Poah Support Corporation 2 sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Southeastern Connecticut Community Land Trust Inc ($272k), SNHS Raymond Elderly Housing Inc ($272k) and Carriage Hill Inc ($271k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 78% of the total. At year end it held assets of $22.0m against liabilities of $19.7m, net assets of $2.3m.