Watts of Power Foundation Corp

Analysis

Watts of Power Foundation Corp is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2019, 7 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 June 2024, Watts of Power Foundation Corp reported income of $640k and spending of $728k, spending 114% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $158k to $640k (+305%), an average of +101% a year. The sharpest change came in the year to June 2023, when income rose by 156%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Watts of Power Foundation Corp sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Ariel Education Intiative ($640k), Stepping Stones to Learning ($640k) and Panda Bear Preschool ($640k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $101k (14% of expenses). Other salaries and wages came to $141k. At year end it held assets of $258k against liabilities of $0, net assets of $258k. It reported 1 employees.