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Poverty Solutions INC

Public charityFed auditsIRS 990
DBA: % FRANK I IGWEALOR
Community Development · TORRANCE, CA · EIN 27-1916296
OverviewMoney InMoney OutPeopleAuditsPositionsInterviewEndorsements

About

During the year ended 12/31/2023, Poverty Solutions (P-Solutions) successfully served 17,380 low-income persons needing financial education, and entrepreneurship development.

In care of Frank I Igwealor

Donations are tax-deductible
Category
Community Development
Employees
0
Volunteers
45

Financial Snapshot

FY ending 2023-12-31
Revenue
$3.8M
Expenses
$628K
Assets
$10.8M
Liabilities
$2.4M

Financial history

$5.7M$2.8M$0
1617181920212223
RevenueExpenses
Latest FY2023: $3.8M · Peak FY2016: $5.7M · Avg: $3.1M

Political & Grant Activity

Campaign Spending
—
Lobbying
—
Grants Given
$221K
POVERTY SOLUTIONS INC
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Address

370 Amapola AVE STE 200A
Torrance, CA, 90501-723

Governance

Voting board members6
Independent members4
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
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