Charles C Powell Foundation Inc

Analysis

Charles C Powell Foundation Inc is a registered charity in United States, based in Stuart, VA. It received its IRS tax-exemption ruling in July 1993, 33 years ago. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Charles C Powell Foundation Inc reported income of $60k and spending of $21k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $44k to $60k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2022, when income rose by 392%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charles C Powell Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include USA Swimming Inc ($60k), PTA North Carolina Congress ($60k) and Josephine O Cowper TR Uw 21-12-77 DRS Aaron & Koenic TR ($60k).

Compensation of current officers, directors and key employees was $5,000 (23% of expenses). At year end it held assets of $2.7m against liabilities of -$1,333, net assets of $2.7m.