Powherful Foundation Inc

Analysis

Powherful Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2011, 15 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 December 2023, Powherful Foundation Inc reported income of $174k and spending of $142k, spending 82% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $616k to $174k (-72%), an average of -22% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Powherful Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Leadership Academy of Madison County ($174k), Oregon School Food Service Association ($174k) and Adams Township School District Foundation Inc ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $378k against liabilities of $9,424, net assets of $369k.