Power of Education Foundation

Analysis

Power of Education Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Power of Education Foundation reported income of $84k and spending of $181k, spending 215% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $187k to $84k (-55%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 67%. Over the whole period it spent 115% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Power of Education Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within MI. Charities of a similar size with the same main cause include Qoqnoos - Phoenix Project Incorporated ($84k), Hospitals for Humanity Inc ($84k) and Bright Futures Cambodia ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $198k against liabilities of $0, net assets of $198k.