Powder Keg Punishers Lemc

Analysis

Powder Keg Punishers Lemc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Powder Keg Punishers Lemc reported income of $1.6m and spending of $1.6m, spending 97% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $589k to $1.6m (+180%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Powder Keg Punishers Lemc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include Parks System TR Fund ($1.6m), Iowa Sports Foundation ($1.6m) and Meals for the Elderly ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $143k (8.9% of expenses). Other salaries and wages came to $846k. At year end it held assets of $1.4m against liabilities of $514k, net assets of $887k. It reported 16 employees.