Power Foundation Inc

Analysis

Power Foundation Inc is a registered charity in United States, based in Piedmont, SC. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Foundation Inc reported income of $1.2m and spending of $1.3m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.2m (-2.9%), an average of -0.7% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Power Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within SC. Charities of a similar size with the same main cause include Light to the Nations Inc ($1.2m), Petros Network ($1.2m) and Sugar Pine Christian Camps ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. Other salaries and wages came to $189k. At year end it held assets of $2.6m against liabilities of $21k, net assets of $2.6m. It reported 6 employees.