Power on Heels Fund Inc

Analysis

Power on Heels Fund Inc is a registered charity in United States, based in Humble, TX. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 on Heels Fund Inc reported income of $107k and spending of $132k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $107k (+8.6%), an average of +8.6% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Power on Heels Fund Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Muscle Shoals Education Foundation Inc ($107k), Peninsula Chinese Business Association Inc ($107k) and Crowders Creek Elementary PTO ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 7.5% of the total. At year end it held assets of $55k against liabilities of $5,978, net assets of $49k.