Power of the Pen

Analysis

Power of the Pen is a registered charity in United States, based in North Canton, OH. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Power of the Pen reported income of $271k and spending of $273k, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $206k to $271k (+32%), an average of +5.7% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Power of the Pen sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Maryland Chamber Foundation ($271k), Oakton High School Boosters Inc ($271k) and James Bowie High School Band Booster Association ($271k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $16k (5.9% of expenses). Other salaries and wages came to $64k. At year end it held assets of $340k against liabilities of $70k, net assets of $270k. It reported 11 employees.