The Power of U Incorporated

Analysis

The Power of U Incorporated is a registered charity in United States, based in Elizabeth City, NC. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, The Power of U Incorporated reported income of $2.5m and spending of $2.8m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.5m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2023, when income rose by 71%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Power of U Incorporated sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Hallmark Health Properties Inc ($2.5m), Nazcare Inc ($2.5m) and Allegheny Childrens Initiative Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $78k against liabilities of $603k, net assets of -$525k. It reported 39 employees.