Power Book Bags

Analysis

Power Book Bags is a registered charity in United States, based in Suttons Bay, MI. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Power Book Bags reported income of $375k and spending of $400k, spending 107% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $353k to $375k (+6.1%), an average of +3.0% a year. Over the whole period it spent 89% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Power Book Bags sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Hutchinson Hockey Association Inc ($375k), Dream Big Basketball Academy ($376k) and Girls Incorporated of Winter Haven ($375k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $22k. At year end it held assets of $289k against liabilities of $54k, net assets of $235k. It reported 1 employees.