Pow Educational Foundation Inc

Analysis

Pow Educational Foundation Inc is a registered charity in United States, based in Benton Harbor, MI. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 February 2024, Pow Educational Foundation Inc reported income of $102k and spending of $37k, leaving 64% of income unspent that year. Across the 2 years on record, from February 2023 to February 2024, income grew from $65k to $102k (+58%), an average of +58% a year. The sharpest change came in the year to February 2024, when income rose by 58%. Over the whole period it spent 32% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pow Educational Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within MI. Charities of a similar size with the same main cause include Used Car Dealers of Colorado Charity Fund Inc ($102k), Oregon Agriculture Teacher Association ($102k) and CJ Macon Scholarship Foundation ($102k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 90% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k.