United States Power Squadrons

Analysis

United States Power Squadrons is a registered charity in United States, based in Seminole, FL. It received its IRS tax-exemption ruling in March 1949, 77 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending December 2020, United States Power Squadrons reported income of $594k and spending of $78k, leaving 87% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income grew from $68k to $594k (+776%), an average of +776% a year. The sharpest change came in the year to December 2020, when income rose by 776%. Over the whole period it spent 20% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United States Power Squadrons sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Burbank Housing S R Corporation ($594k), New Mexico Laborers Training Trust Fund ($594k) and Mlac Inc ($594k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 0.1% and program service revenue 3.7% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.