State Power Fund

Analysis

State Power Fund is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover human services, 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, State Power Fund reported income of $6.1m and spending of $6.9m, spending 113% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $4.2m to $6.1m (+45%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, State Power Fund sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Arc of Putnam County Inc ($6.1m), Cornerstone Advocacy Service ($6.1m) and Missoula Food Bank & Community Center Incorporated ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $33k (0.5% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $11.0m against liabilities of $2.3m, net assets of $8.7m. It reported 37 employees.