Poverty Reduction Services

Analysis

Poverty Reduction Services is a registered charity in United States, based in Murray, UT. It received its IRS tax-exemption ruling in January 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, Poverty Reduction Services reported income of $432k and spending of $370k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $286k to $432k (+51%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Poverty Reduction Services sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within UT. Charities of a similar size with the same main cause include El Padrecito Ministries ($432k), Responsible Gaming Association of New Mexico ($432k) and GBRFB Mission Support ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $289k. At year end it held assets of $114k against liabilities of $0, net assets of $114k. It reported 5 employees.