Paying It Forward Stenographic Initiative Inc

Analysis

Paying It Forward Stenographic Initiative Inc is a registered charity in United States, based in Sapulpa, OK. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Paying It Forward Stenographic Initiative Inc reported income of $57k and spending of $50k, spending 88% of its income. Across the 2 years on record, from December 2021 to December 2023, income grew from $16k to $57k (+256%), an average of +256% a year. The sharpest change came in the year to December 2023, when income rose by 256%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Paying It Forward Stenographic Initiative Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within OK. Charities of a similar size with the same main cause include Metro Community Development Corporation ($56k), Southern Oregon Veterans Benefit ($57k) and Win Energy Remc Community Trust Inc ($56k).

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 $57k against liabilities of $50k, net assets of $6,963.