Powerhouse Community Development Corporation

Analysis

Powerhouse Community Development Corporation is a registered charity in United States, based in Marshall, MO. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Powerhouse Community Development Corporation reported income of $3.1m and spending of $2.1m, leaving 34% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $402k to $3.1m (+675%), an average of +51% a year. The sharpest change came in the year to December 2020, when income rose by 153%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Powerhouse Community Development Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MO. Charities of a similar size with the same main cause include United Samaritans Foundation ($3.1m), Charlotte Community Foundation Inc ($3.1m) and Parkinson Association of Alabama Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.5m against liabilities of $288k, net assets of $1.2m. It reported 62 employees.