Companion with the Poor USA

Analysis

Companion with the Poor USA is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Companion with the Poor USA reported income of $184k and spending of $217k, spending 118% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $235k to $184k (-22%), an average of -7.9% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Companion with the Poor USA sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Cancer Journeys Foundation ($184k), Aledo Childrens Advocates Inc ($184k) and Homes for Laurel Inc ($184k).

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 $8,609 against liabilities of $0, net assets of $8,609.