Power of One Foundation

Analysis

Power of One Foundation is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 of One Foundation reported income of $96k and spending of $58k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2,500 to $96k (+3734%), an average of +149% a year. The sharpest change came in the year to December 2020, when income rose by 27620%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Power of One Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within NV. Charities of a similar size with the same main cause include Youth Rehabilitation and Development Program of Alabama ($96k), Youth with a Positive Direction ($96k) and Plymouth Gift of Life Inc ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $96k against liabilities of $46k, net assets of $50k.