United States Power Squadrons

Analysis

United States Power Squadrons is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in March 1949, 77 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United States Power Squadrons reported income of $61k and spending of $103k, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $86k to $61k (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2022, when income rose by 235%. Over the whole period it spent 107% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, United States Power Squadrons sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 27th percentile within FL. Charities of a similar size with the same main cause include New Milford Fire Company 2 Inc ($61k), Stayin Alive ($61k) and Springtown Volunteer Fire Department ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. At year end it held assets of $347k against liabilities of $4,553, net assets of $342k.