Puzzle Piece Pastries Inc

Analysis

Puzzle Piece Pastries Inc is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Puzzle Piece Pastries Inc reported income of $323k and spending of $277k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $211k to $323k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Puzzle Piece Pastries Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within GA. Charities of a similar size with the same main cause include Dubois County Area Development Corporation ($322k), Anacostia Trails Heritage Area Inc ($323k) and 2523 Market Corp ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $51k (18% of expenses). Other salaries and wages came to $116k. At year end it held assets of $220k against liabilities of $7,380, net assets of $213k. It reported 29 employees.