Ukraine Power Inc

Analysis

Ukraine Power Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Ukraine Power Inc reported income of $125k and spending of $128k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $125k (+105%), an average of +105% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 85% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Ukraine Power 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 43rd percentile, and in the 39th percentile within CO. Charities of a similar size with the same main cause include Center for Peace Through Culture Inc ($125k), Barakat Bundle Inc ($125k) and Global Alliance for Community Empowerment ($125k).

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 $27k against liabilities of $39, net assets of $27k.