Power 52 Inc

Analysis

Power 52 Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in December 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 52 Inc reported income of $540k and spending of $518k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $466k to $540k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Power 52 Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Custom Canines Service Dog Academy Inc ($540k), Twin Ports Guardianship & Payee Services Inc ($540k) and Teen Reach ($539k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $347k. At year end it held assets of $129k against liabilities of $21k, net assets of $108k. It reported 6 employees.