Pay It Forward Charleston

Analysis

Pay It Forward Charleston is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in October 2020, 6 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, Pay It Forward Charleston reported income of $120k and spending of $135k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $120k (+9.1%), an average of +9.1% a year. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pay It Forward Charleston sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 47th percentile within SC. Charities of a similar size with the same main cause include North American Limousin Educational Corporation ($120k), Kids Get Fit ($120k) and Backing the Blue Line Inc ($120k).

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 $26k against liabilities of $1,335, net assets of $25k.