Innovative Poverty Solutions

Analysis

Innovative Poverty Solutions is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in June 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 June 2023, Innovative Poverty Solutions reported income of $423k and spending of $281k, leaving 34% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $262k to $423k (+61%), an average of +61% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Innovative Poverty Solutions sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within AR. Charities of a similar size with the same main cause include Kauai Independent Daycare Service Inc ($423k), Exodus Financial Services ($423k) and Shower Power Inc ($423k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $65k (23% of expenses). Other salaries and wages came to $112k. It paid $258 in professional fundraising fees. At year end it held assets of $337k against liabilities of $8,434, net assets of $329k. It reported 11 employees.