Powerhouse Sports Corporation

Analysis

Powerhouse Sports Corporation is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2022, Powerhouse Sports Corporation reported income of $286k and spending of $267k, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $239k to $286k (+19%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Powerhouse Sports Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include North Shore Girls Softball League Inc ($286k), Squannacook Greenways ($286k) and Lawrence County Amateur Hockey Association ($285k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $38k (14% of expenses). Other salaries and wages came to $74k. At year end it held assets of $85k against liabilities of $0, net assets of $85k.