Power Community Development Corporation

Analysis

Power Community Development Corporation is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in September 1995, 31 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, Power Community Development Corporation reported income of $64k and spending of $55k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $54k to $64k (+18%), an average of +4.1% a year. The sharpest change came in the year to December 2020, when income rose by 338%. Over the whole period it spent 34% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Power Community Development Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within KS. Charities of a similar size with the same main cause include Assistance League of Houston ($64k), Lake Loramie Improvement Assoc ($64k) and Junior League of Oakland East Bay Inc ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $5,000 (9.2% of expenses). It paid $6,034 in professional fundraising fees. At year end it held assets of $879k against liabilities of $9,556, net assets of $869k.