Never Too Late Inc

Analysis

Never Too Late Inc is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in February 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 2023, Never Too Late Inc reported income of $199k and spending of $190k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $162k to $199k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Never Too Late Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Sharecare of Leelanau Inc ($199k), Plainfield Center for Islamicenlightement Inc ($199k) and The Surayya Anne Foundation ($199k).

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 $9,678 against liabilities of $0, net assets of $9,678.