Power Ministry

Analysis

Power Ministry is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 April 2024, Power Ministry reported income of $938k and spending of $1.0m, spending 110% of what it took in. Across the 6 years on record, from April 2019 to April 2024, income grew from $805k to $938k (+17%), an average of +3.1% a year. The sharpest change came in the year to April 2022, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Power Ministry sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Issac Sterett Adventure Foundation Company ($938k), Grinnell Day Care Center Inc ($938k) and PCS Family Services Inc ($938k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 60% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $84k (8.2% of expenses). At year end it held assets of $866k against liabilities of $0, net assets of $866k.