Powell Gardens Inc

Analysis

Powell Gardens Inc is a registered charity in United States, based in Kingsville, MO. It received its IRS tax-exemption ruling in October 2003, 23 years ago. 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, Powell Gardens Inc reported income of $4.2m and spending of $6.6m, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $4.2m (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 129% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Powell Gardens Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within MO. Charities of a similar size with the same main cause include Safe Place of the Permian Basin ($4.2m), Faith Mission of Elkhart Inc ($4.2m) and Pediplace ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $250k (3.8% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $20.6m against liabilities of $3.3m, net assets of $17.4m. It reported 106 employees.