Computers for People Inc

Analysis

Computers for People Inc is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Computers for People Inc reported income of $182k and spending of $238k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $266k to $182k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Computers for People Inc 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 59th percentile within NJ. Charities of a similar size with the same main cause include Syver a NJ Nonprofit Corporation ($182k), Mechanicsville Churches Emergency Functions ($182k) and 4l Foundation Inc ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $27k (11% of expenses). Other salaries and wages came to $118k. At year end it held assets of $170k against liabilities of $5,317, net assets of $165k. It reported 10 employees.