Point Clarity Services Inc

Analysis

Point Clarity Services Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2022, 4 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 2022, Point Clarity Services Inc reported income of $415k and spending of $386k, spending 93% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $225k to $415k (+85%), an average of +84% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Point Clarity Services Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include West Kemper Kiddie Kollege Inc ($415k), Jesus House Odessa ($416k) and Murphy Employees Disaster Relief Foundation ($415k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $24k (6.3% of expenses). Other salaries and wages came to $163k. At year end it held assets of -$15k against liabilities of $46k, net assets of -$61k. It reported 9 employees.