Poverello House Inc

Analysis

Poverello House Inc is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Poverello House Inc reported income of $81k and spending of $43k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $128k to $81k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 39% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Poverello House Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within NV. Charities of a similar size with the same main cause include South Fork Retirement Center Inc ($81k), Mayan Education and Support Alliance ($81k) and Maryville Housing Development Corporation ($81k).

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 $357k against liabilities of $244, net assets of $357k.