Power of Love Foundation

Analysis

Power of Love Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 of Love Foundation reported income of $295k and spending of $265k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $303k to $295k (-2.6%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Power of Love Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Beacon Hill Civic Association Inc ($295k), Acts Community Development ($295k) and American Society of Heating Refrigerating & A-C Engineers ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $51k. At year end it held assets of $443k against liabilities of $0, net assets of $443k.