Poverty Solutions Group Inc

Analysis

Poverty Solutions Group Inc is a registered charity in United States, based in Winter Garden, FL. It received its IRS tax-exemption ruling in August 2020, 6 years ago. 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 March 2024, Poverty Solutions Group Inc reported income of $224k and spending of $273k, spending 122% of what it took in. Across the 3 years on record, from March 2022 to March 2024, income grew from $190k to $224k (+18%), an average of +8.7% a year. The sharpest change came in the year to March 2023, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Poverty Solutions Group Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Rus Service Corporation ($224k), Pacific Environmental Education Center ($224k) and American Water Works Association ($224k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $193k (71% of expenses). At year end it held assets of $101k against liabilities of $66k, net assets of $35k. It reported 4 employees.