United States Power Squadrons

Analysis

United States Power Squadrons is a registered charity in United States, based in Lewis Center, OH. It received its IRS tax-exemption ruling in March 1949, 77 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, United States Power Squadrons reported income of $163k and spending of $44k, leaving 73% of income unspent that year. Across the 5 years on record, from January 2020 to January 2024, income grew from $36k to $163k (+354%), an average of +46% a year. The sharpest change came in the year to January 2024, when income rose by 1034%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United States Power Squadrons sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Columbia Public Library Association ($163k), Ellis County Lyn ($163k) and Buffalo Area Engineering Awareness for Minorities Inc C/O Suny Ab ($163k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 1.9% and program service revenue 2.8% of the total. At year end it held assets of $643k against liabilities of $0, net assets of $643k.