Power Ministries Worldwide Inc

Analysis

Power Ministries Worldwide Inc is a registered charity in United States, based in Longview, TX. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Power Ministries Worldwide Inc reported income of $94k and spending of $103k, spending 110% of what it took in. Across the 2 years on record, from December 2019 to December 2022, income grew from $91k to $94k (+3.9%), an average of +3.9% a year. Over the whole period it spent 112% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Power Ministries Worldwide Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include Iglesia Cristiana Altar de Adoracion ($94k), Turkish American Community Center Inc ($94k) and Bless the Nations Ministries Inc ($94k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of -$9,077 against liabilities of $0, net assets of -$9,077.