Power and Systems Training Inc

Analysis

Power and Systems Training Inc is a registered charity in United States, based in Medway, MA. It received its IRS tax-exemption ruling in February 1976, 50 years ago. 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 May 2023, Power and Systems Training Inc reported income of $511k and spending of $450k, spending 88% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $765k to $511k (-33%), an average of -9.6% a year. The sharpest change came in the year to May 2021, when income dropped by 45%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Power and Systems Training Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include National Church Residences of ($511k), Travelers Aid Society ($511k) and Louisiana High School Championship Rodeo Association Inc ($511k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 76% of the total. Compensation of current officers, directors and key employees was $269k (60% of expenses). Other salaries and wages came to $35k. At year end it held assets of $631k against liabilities of $204k, net assets of $427k. It reported 3 employees.