Powell Medical Foundation

Analysis

Powell Medical Foundation is a registered charity in United States, based in Powell, WY. It received its IRS tax-exemption ruling in November 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 June 2023, Powell Medical Foundation reported income of $279k and spending of $210k, leaving 25% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $164k to $279k (+71%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 512%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Powell Medical Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within WY. Charities of a similar size with the same main cause include West Carroll Parish Association for Retarded Citizens Inc ($279k), PTA Pennsylvania Congress ($279k) and Harborfield Booster Club Inc ($279k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% of the total. Other salaries and wages came to $71k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.