Powhatan Education Foundation

Analysis

Powhatan Education Foundation is a registered charity in United States, based in Powhatan, VA. It received its IRS tax-exemption ruling in February 2012, 14 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 June 2023, Powhatan Education Foundation reported income of $530k and spending of $466k, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $390k to $530k (+36%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 63%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Powhatan Education Foundation sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Gulf Beaches Public Library Inc ($530k), Trinitas Classical Association ($530k) and Morris Brandon Elementary Schoolfoundation Inc ($530k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $167k against liabilities of $0, net assets of $167k.