Power of a Nickel Inc

Analysis

Power of a Nickel Inc is a registered charity in United States, based in Sanibel, FL. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2022, Power of a Nickel Inc reported income of $176k and spending of $61k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2019 to December 2022, income fell from $313k to $176k (-44%), an average of -44% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Power of a Nickel Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Citizen Medic Foundation Inc ($176k), Angels Care Center of Eloise Inc ($177k) and Rocky Mountain Medical Outfitting & Recycling ($176k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 70% and program service revenue 28% of the total. At year end it held assets of $354k against liabilities of $0, net assets of $354k.