Npower Inc

Analysis

Npower Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Npower Inc reported income of $24.4m and spending of $34.5m, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.3m to $24.4m (+71%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Npower Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Laborers Training and Re-Training Trust Fund for Southern California ($24.4m), International Association for the Study of Lung Cancer ($24.6m) and Easter Seals Tristate ($24.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $2.2m (6.3% of expenses). Other salaries and wages came to $17.1m. At year end it held assets of $25.7m against liabilities of $4.2m, net assets of $21.5m. It reported 325 employees.