Power to Soar Foundation

Analysis

Power to Soar Foundation is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Power to Soar Foundation reported income of $51k and spending of $50k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $51k (+7.1%), an average of +7.1% a year. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Power to Soar Foundation sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Saco Meals Program ($51k), Delhi Cemetery Inc ($51k) and Starland Charities ($51k).

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 $80k against liabilities of $0, net assets of $80k.