The Power Project

Analysis

The Power Project is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in August 2020, 6 years ago. 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 June 2023, The Power Project reported income of $199k and spending of $246k, spending 123% of what it took in. Across the 2 years on record, from December 2021 to June 2023, income grew from $49k to $199k (+306%), an average of +306% a year. The sharpest change came in the year to June 2023, when income rose by 306%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Power Project sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Ardis Egan Jr High School PTA ($199k), Clearfield County Historical Society ($199k) and Id-Ra-Ha-Je Scholarship Foundation ($199k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 99% of the total. At year end it held assets of $5,317 against liabilities of $74k, net assets of -$69k.