People Powered - Global Hub for Participatory Democracy Inc

Analysis

People Powered - Global Hub for Participatory Democracy Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, People Powered - Global Hub for Participatory Democracy Inc reported income of $2.6m and spending of $1.8m, leaving 32% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.3m to $2.6m (+101%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, People Powered - Global Hub for Participatory Democracy Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Harbor House Domestic Abuse Programs Inc ($2.6m), Freedom Work Opportunities of Genesee County Inc ($2.6m) and Jo Ann Carter Harrelson Center Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $200k (11% of expenses). Other salaries and wages came to $447k. At year end it held assets of $2.4m against liabilities of $77k, net assets of $2.3m. It reported 9 employees.