PTS Foundation

Analysis

PTS Foundation is a registered charity in United States, based in Charlotte, NC. 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 (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, PTS Foundation reported income of $141k and spending of $134k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $141k (+51%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, PTS Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include NYC Kids Project Inc ($141k), College Park Community Food Bank ($141k) and Shepherds Pantry Inc ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.