Power to Inspire Foundation Inc

Analysis

Power to Inspire Foundation Inc is a registered charity in United States, based in Closter, NJ. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Power to Inspire Foundation Inc reported income of $75k and spending of $107k, spending 142% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $125k to $75k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Power to Inspire Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include 100 Plus Men on a Mission-Red Rock ($75k), Schenectady Disc Golf Club ($75k) and Marie Mills Foundation Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,153 against liabilities of $0, net assets of $8,153.