Five Point Center Inc

Analysis

Five Point Center Inc is a registered charity in United States, based in Robbinsville, NC. It received its IRS tax-exemption ruling in May 2021, 5 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, Five Point Center Inc reported income of $568k and spending of $579k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $273k to $568k (+108%), an average of +108% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Five Point Center 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 72nd percentile within NC. Charities of a similar size with the same main cause include Drug Free Clubs of America Inc ($568k), Thomas H Slater Center Inc ($568k) and The Savings Collaborative ($568k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $77k (13% of expenses). At year end it held assets of $149k against liabilities of $150k, net assets of -$273. It reported 11 employees.