Powrplnt Inc

Analysis

Powrplnt Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Powrplnt Inc reported income of $146k and spending of $58k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $146k (+227%), an average of +227% a year. The sharpest change came in the year to December 2023, when income rose by 227%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Powrplnt Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Best Video Film & Cultural Center ($146k), Kings Art Center Foundation ($147k) and The Patrons of the Arts in the Vatican Museums Inc ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.7% of the total. At year end it held assets of $91k against liabilities of $3,834, net assets of $88k.