Power Up Scholarship Fund Inc

Analysis

Power Up Scholarship Fund Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 2018, 8 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 (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, Power Up Scholarship Fund Inc reported income of $484k and spending of $448k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $541k to $484k (-11%), an average of -5.4% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 65% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Power Up Scholarship Fund Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Rise-Responsibility Integrity Strength & Empowerment ($483k), Restore Assemble Produce ($484k) and Cleveland Police Athletic League ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $520k against liabilities of $3,645, net assets of $516k.