PH New Markets Inc

Analysis

PH New Markets Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, PH New Markets Inc reported income of $321k and spending of $599k, spending 187% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $225k to $321k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 189% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, PH New Markets Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Just Hope ($321k), The Coming Home Connection Inc ($321k) and Shields for Kids Inc ($321k).

At year end it held assets of $9.0m against liabilities of $9.0m, net assets of -$37k.