Powher New York Inc

Analysis

Powher New York Inc is a registered charity in United States, based in Mamaroneck, NY. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Powher New York Inc reported income of $86k and spending of $110k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $210k to $86k (-59%), an average of -59% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Powher New York Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Recyclers Educating Against Drugs Foundation Inc ($86k), Blue Hills Neighborhood Association ($86k) and Mainstreet Coronado Ltd ($86k).

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 $112k against liabilities of $9,651, net assets of $103k.