Powerquest Worldwide Ltd

Analysis

Powerquest Worldwide Ltd is a registered charity in United States, based in Boone, NC. It received its IRS tax-exemption ruling in November 2014, 12 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, Powerquest Worldwide Ltd reported income of $426k and spending of $295k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $568k to $426k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2021, when income dropped by 38%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Powerquest Worldwide Ltd sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Caring Arms Inc ($426k), Door Cancer Inc ($426k) and Pulsera Project ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $85k (29% of expenses). At year end it held assets of $244k against liabilities of $0, net assets of $244k. It reported 1 employees.