Powerhouse Foundation

Analysis

Powerhouse Foundation is a registered charity in United States, based in Crowley, TX. It received its IRS tax-exemption ruling in March 2019, 7 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 Foundation reported income of $946k and spending of $788k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $450k to $946k (+110%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 359%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Powerhouse Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Youth with a Mission Idaho Boise Cascade Inc ($946k), Joint Learning Initiative on Faith and Local Communities ($946k) and Ascent Leadership Development ($945k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $119k (15% of expenses). At year end it held assets of $216k against liabilities of $94k, net assets of $122k.