Powered to Move

Analysis

Powered to Move is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Powered to Move reported income of $292k and spending of $280k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $289k to $292k (+1.0%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Powered to Move sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Horizonte Ministries ($292k), Seed Net ($292k) and Lay Mission Helpers Association ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $71k (25% of expenses). Other salaries and wages came to $67k. At year end it held assets of $415k against liabilities of $2,623, net assets of $412k. It reported 4 employees.