T E Powell Jr Biology Foundation

Analysis

T E Powell Jr Biology Foundation is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in December 1977, 49 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, T E Powell Jr Biology Foundation reported income of $79k and spending of $119k, spending 150% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income grew from $44k to $79k (+78%), an average of +78% a year. The sharpest change came in the year to May 2023, when income rose by 78%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, T E Powell Jr Biology Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within NC. Charities of a similar size with the same main cause include Kanesville Riders Honor Guard ($79k), Dana Hills Grad Nite Committee ($79k) and Habitat for Humanity International Inc ($79k).

Other salaries and wages came to $5,305. At year end it held assets of $870k against liabilities of $0, net assets of $870k.