Powerhouse Ministries

Analysis

Powerhouse Ministries is a registered charity in United States, based in Hermitage, TN. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Powerhouse Ministries reported income of $223k and spending of $198k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $236k to $223k (-5.6%), an average of -5.6% a year. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Powerhouse Ministries sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within TN. Charities of a similar size with the same main cause include RPM Ministries Inc ($223k), Christ Apostolic Church Power House Help the Needy ($223k) and Habit Missions Ministry Inc ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $40k (20% of expenses). Other salaries and wages came to $6,715. At year end it held assets of $56k against liabilities of $8,515, net assets of $47k. It reported 5 employees.