Payne Hollow on the Ohio Inc

Analysis

Payne Hollow on the Ohio Inc is a registered charity in United States, based in Milton, KY. It received its IRS tax-exemption ruling in August 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 (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, Payne Hollow on the Ohio Inc reported income of $195k and spending of $88k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $476k to $195k (-59%), an average of -59% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 14% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Payne Hollow on the Ohio 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 53rd percentile, and in the 53rd percentile within KY. Charities of a similar size with the same main cause include Childrens Welfare and Development Fund Inc ($195k), Island Village Childcare ($195k) and Crestwood Club Inc ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $578k against liabilities of $0, net assets of $578k.