Power of Sight Foundation

Analysis

Power of Sight Foundation is a registered charity in United States, based in Palmdale, CA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Power of Sight Foundation reported income of $63k and spending of $60k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $25k to $63k (+149%), an average of +149% a year. The sharpest change came in the year to December 2023, when income rose by 149%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Power of Sight Foundation sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Bright Spot Foundation ($63k), Kenya Self-Help Project ($63k) and Good Shepherd Health Clinic of Muskogee Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $2,861, net assets of $9,524.