Community Improvement
(S40)
IRS Verified
DX Registered
990 on File
POVERTY SOLUTIONS INC
CharityAI™ Score
Not yet evaluated
Mission Statement
Poverty Solutions designs and deploys programs that empower low-income individuals and families to permanently divest poverty. We offer a multi-disciplinary holistic poverty-fighting program - centered on Education, Employment and Entrepreneurship - that serves veterans, at-risk youths, disadvantaged-young adults, unemployed, recently separated veterans, female victims of domestic violence, and others in Los Angeles County and across Southern California.
Financial Overview — FY 2023
$3.8M
Total Revenue
$628K
Total Expenses
$8.5M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
94.5%
Fundraising Efficiency
N/A
Operating Reserve
162.36x
Liability-to-Asset
21.7%
Revenue Diversification
92.1%
Executive Compensation
$127K
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $3.8M | $628K | $8.5M | 94.5% | 0 |
| 2022 | $1.5M | $511K | $5.1M | 91.0% | 6 |
| 2021 | $4.8M | $297K | $5.4M | 88.0% | 11 |
| 2020 | $232K | $188K | N/A | — | 0 |
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