Powercross

Analysis

Powercross is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 August 2023, Powercross reported income of $2.6m and spending of $2.3m, spending 87% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.2m to $2.6m (+110%), an average of +20% a year. The sharpest change came in the year to August 2022, when income rose by 69%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Powercross sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Christian Research Institute Inc ($2.6m), Forum of Christian Leaders ($2.6m) and From His Heart Ministries ($2.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $270k (12% of expenses). Other salaries and wages came to $655k. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m. It reported 15 employees.