Is Powermylearning Inc Legit?

Quick charity verification for Powermylearning Inc (EIN: 133935309)

Verdict: Powermylearning Inc appears trustworthy

85/100Mission Score

$7.1MRevenue

$4.5MAssets

2Red Flags

4Strengths

Red Flags

Significant deficit in the latest reporting period (202306), with expenses exceeding revenue by over $2 million.
Declining trend in assets from a peak of $8,964,234 in 201706 to $5,882,213 in 202306.

Strengths

Consistent reporting of 0% officer compensation across all available filings, indicating excellent financial stewardship regarding executive pay.
Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
Managed liabilities effectively, with a significant reduction from previous highs to $778,745 in 202306.
Historically strong revenue generation, often exceeding $10 million in prior periods.

Spending Breakdown

How Powermylearning Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Powermylearning Inc

Is Powermylearning Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Powermylearning Inc (EIN: 133935309) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Powermylearning Inc a good charity to donate to?

Powermylearning Inc has a Mission Score of 85/100. Revenue: $7.1M. Assets: $4.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Powermylearning Inc?

The Employer Identification Number (EIN) for Powermylearning Inc is 133935309. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Powermylearning Inc spend its money?

Powermylearning Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Powermylearning Inc's tax-exempt status?

You can verify Powermylearning Inc's tax-exempt status using EIN 133935309 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Powermylearning Inc demonstrates a generally stable financial history, though recent trends show some fluctuations. In the latest reported period (202306), the organization experienced a deficit, with expenses of $8,390,320 exceeding revenue of $6,289,580. This contrasts with the prior period (202206) where revenue significantly outpaced expenses ($9,294,963 vs. $7,223,968), indicating a shift in financial performance. The organization's assets have also seen some decline, from a high of $8,964,234 in 201706 to $5,882,213 in 202306, while liabilities have generally remained manageable, peaking at $2,843,216 in 201706 and standing at $778,745 in 202306.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment is challenging. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing executive overhead, which is a positive indicator for donor confidence. The organization's ability to manage its liabilities, which have decreased significantly from previous years, also points to sound financial management.

Transparency appears to be a strong point, given the consistent reporting of 0% officer compensation. This level of detail, even in the absence of specific program spending ratios, suggests an organization that is mindful of its public image and donor trust. The consistent filing of IRS 990s over many years further reinforces its commitment to regulatory compliance and public disclosure.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.