Power of Putnam Inc

Analysis

Power of Putnam Inc is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Power of Putnam Inc reported income of $914k and spending of $887k, spending 97% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $368k to $914k (+149%), an average of +36% a year. The sharpest change came in the year to September 2021, when income rose by 68%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Power of Putnam Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Lead to Read Inc ($914k), Christmas Charities Year Round Service Inc ($914k) and Lincoln Child Care Center Inc ($914k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $371k. At year end it held assets of $146k against liabilities of $61k, net assets of $85k. It reported 12 employees.