United States Power Squadrons

Analysis

United States Power Squadrons is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1949, 77 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 November 2023, United States Power Squadrons reported income of $1.8m and spending of $2.0m, spending 112% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income fell from $1.9m to $1.8m (-9.5%), an average of -2.5% a year. The sharpest change came in the year to November 2023, when income dropped by 16%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United States Power Squadrons sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include High Hopes Neurological Recovery Group Inc ($1.8m), Philanthropic Association of Swansea Inc ($1.8m) and The Bala House ($1.8m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 70% and program service revenue 10% of the total. Other salaries and wages came to $741k. At year end it held assets of $2.6m against liabilities of $451k, net assets of $2.1m. It reported 12 employees.