USA Powerlifting Inc

Analysis

USA Powerlifting Inc is a registered charity in United States, based in Mount Juliet, TN. It received its IRS tax-exemption ruling in March 1983, 43 years ago. 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, USA Powerlifting Inc reported income of $3.4m and spending of $4.0m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.4m (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 73%. 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, USA Powerlifting Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Patriots Hall of Dripping Springs Inc ($3.4m), Bijou Theater Center ($3.4m) and Communities in Schools of Hidalgo-Willacy Counties Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $563k (14% of expenses). At year end it held assets of $619k against liabilities of $17k, net assets of $602k. It reported 10 employees.