Powermark Corporation

Analysis

Powermark Corporation is a registered charity in United States, based in Port St Lucie, FL. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a organisation that tests for public safety under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Powermark Corporation reported income of $59k and spending of $54k, spending 91% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $65k to $59k (-8.8%), an average of -8.8% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Powermark Corporation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 27th percentile within FL. Charities of a similar size with the same main cause include Shreveport Symphony Guild Inc ($59k), Chiku Awali African Dance Arts & Culture Inc ($59k) and Philosophy of Education Society ($59k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.