Poverty Solutions Inc
EIN: 271916296 · Torrance, CA · NTEE: S40
Is Poverty Solutions Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Poverty Solutions Inc
Poverty Solutions Inc (EIN: 271916296) is a nonprofit organization based in Torrance, CA, classified under NTEE code S40. The organization reported total revenue of $3.8M and total assets of $10.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Poverty Solutions Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Poverty Solutions Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Poverty Solutions Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Frequently Asked Questions about Poverty Solutions Inc
Is Poverty Solutions Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Poverty Solutions Inc (EIN: 271916296) insufficient data. 0 red flags identified, 0 strengths noted.
How does Poverty Solutions Inc spend its money?
Detailed spending breakdown data is not yet available for Poverty Solutions Inc. Check back for updated IRS 990 analysis.
Are donations to Poverty Solutions Inc tax-deductible?
Poverty Solutions Inc is registered as a tax-exempt nonprofit (EIN: 271916296). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Poverty Solutions Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Poverty Solutions Inc's revenue has grown by 168.3%, moving from $1.4M to $3.8M. Total assets increased by 1127.5% over the same period, from $884K to $10.8M. Total functional expenses fell by 68.5%, from $2.0M to $628K. In its most recent filing year (2023), Poverty Solutions Inc reported a surplus of $3.2M, with revenue exceeding expenses. The organization holds $2.4M in liabilities against $10.8M in assets (debt-to-asset ratio: 21.7%), resulting in net assets of $8.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $628K | $10.8M | $2.4M | — | — |
| 2022 | $1.5M | $511K | $5.2M | $161K | — | View 990 |
| 2021 | $4.8M | $297K | $7.3M | $1.9M | — | View 990 |
| 2020 | $232K | $188K | $3.6M | $873K | — | View 990 |
| 2019 | $2.6M | $623K | $2.8M | $94K | — | View 990 |
| 2018 | $33K | $749K | $1.2M | $496K | — | View 990 |
| 2017 | $671K | $1.1M | $1.6M | $458K | — | View 990 |
| 2016 | $5.7M | $3.4M | $7.6M | $1.9M | — | View 990 |
| 2015 | $4.9M | $3.6M | $6.6M | $3.2M | — | View 990 |
| 2014 | $4.2M | $3.3M | $4.8M | $2.8M | — | View 990 |
| 2013 | $4.1M | $3.0M | $6.6M | $5.4M | — | View 990 |
| 2012 | $5.0M | $1.7M | $4.7M | $1.1M | — | View 990 |
| 2011 | $1.4M | $2.0M | $884K | $514K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $628K, and assets of $10.8M (revenue +162.7% year-over-year).
- 2022: Revenue of $1.5M, expenses of $511K, and assets of $5.2M (revenue -69.6% year-over-year).
- 2021: Revenue of $4.8M, expenses of $297K, and assets of $7.3M (revenue +1969.3% year-over-year).
- 2020: Revenue of $232K, expenses of $188K, and assets of $3.6M (revenue -91.1% year-over-year).
- 2019: Revenue of $2.6M, expenses of $623K, and assets of $2.8M (revenue +7815.9% year-over-year).
- 2018: Revenue of $33K, expenses of $749K, and assets of $1.2M (revenue -95.1% year-over-year).
- 2017: Revenue of $671K, expenses of $1.1M, and assets of $1.6M (revenue -88.2% year-over-year).
- 2016: Revenue of $5.7M, expenses of $3.4M, and assets of $7.6M (revenue +14.8% year-over-year).
- 2015: Revenue of $4.9M, expenses of $3.6M, and assets of $6.6M (revenue +18.0% year-over-year).
- 2014: Revenue of $4.2M, expenses of $3.3M, and assets of $4.8M (revenue +3.0% year-over-year).
- 2013: Revenue of $4.1M, expenses of $3.0M, and assets of $6.6M (revenue -18.0% year-over-year).
- 2012: Revenue of $5.0M, expenses of $1.7M, and assets of $4.7M (revenue +247.4% year-over-year).
- 2011: Revenue of $1.4M, expenses of $2.0M, and assets of $884K.
Data Sources and Methodology
This transparency report for Poverty Solutions Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.