Poma Tech Inc

Analysis

Poma Tech Inc is a registered charity in United States, based in Rosendale, NY. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, 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 May 2024, Poma Tech Inc reported income of $164k and spending of $170k, spending 104% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $128k to $164k (+28%), an average of +13% a year. The sharpest change came in the year to May 2024, when income rose by 48%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Poma Tech Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Westside Community Center Inc ($164k), Afghan American Womens Association ($164k) and Gulf Region Alliance of Catholic Evangelism Inc ($164k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.