No Struggle No Success Inc

Analysis

No Struggle No Success Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, No Struggle No Success Inc reported income of $579k and spending of $601k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $327k to $579k (+77%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, No Struggle No Success Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Word of Honor Fund ($579k), Sloatsburg Food Pantry Inc ($580k) and Kitchen on the Street Inc ($579k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $67k (11% of expenses). Other salaries and wages came to $263k. At year end it held assets of $92k against liabilities of $98k, net assets of -$5,500. It reported 19 employees.