Power Book Bags
EIN: 812406342 · Suttons Bay, MI · NTEE: O99
| Metric | Value |
|---|---|
| Total Revenue | $469K |
| Total Expenses | $400K |
| Net Assets | $235K |
Is Power Book Bags Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Power Book Bags
Power Book Bags (EIN: 812406342) is a nonprofit organization based in Suttons Bay, MI, classified under NTEE code O99. The organization reported total revenue of $469K and total assets of $329K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Power Book Bags's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Power Book Bags is a small nonprofit that has been operating for 10 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 52.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $375K |
| Total Expenses | $400K |
| Surplus / Deficit | $-24,717 |
| Total Assets | $289K |
| Total Liabilities | $54K |
| Net Assets | $235K |
| Operating Margin | -6.6% |
| Debt-to-Asset Ratio | 18.7% |
| Months of Reserves | 8.7 months |
Financial Health Grade: B
In 2023, Power Book Bags reported a deficit of $25K with expenses exceeding revenue, holds 8.7 months of operating reserves (strong position), has a debt-to-asset ratio of 18.7% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Power Book Bags's revenue has grown at a compound annual growth rate (CAGR) of 52.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.3% | +12.8% | +26.9% |
| 2022 | +0.8% | +68.3% | +9.9% |
| 2021 | +234.9% | +137.4% | +231.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1238 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Power Book Bags has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Power Book Bags with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.7%.
Frequently Asked Questions about Power Book Bags
Is Power Book Bags a legitimate charity?
Based on AI analysis of IRS 990 filings, Power Book Bags (EIN: 812406342) insufficient data. 0 red flags identified, 0 strengths noted.
How does Power Book Bags spend its money?
Detailed spending breakdown data is not yet available for Power Book Bags. Check back for updated IRS 990 analysis.
Are donations to Power Book Bags tax-deductible?
Power Book Bags is registered as a tax-exempt nonprofit (EIN: 812406342). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Power Book Bags located?
Power Book Bags is headquartered in Suttons Bay, Michigan and files with the IRS under EIN 812406342. It is classified under NTEE code O99.
How many years of IRS 990 filings does Power Book Bags have?
Power Book Bags has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $469K in total revenue.
Filing History
IRS 990 filing history for Power Book Bags showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Power Book Bags's revenue has grown by 255.4%, moving from $106K to $375K. Total assets increased by 361.5% over the same period, from $63K to $289K. Total functional expenses rose by 350.7%, from $89K to $400K. In its most recent filing year (2023), Power Book Bags reported a deficit of $25K, with expenses exceeding revenue. The organization holds $54K in liabilities against $289K in assets (debt-to-asset ratio: 18.7%), resulting in net assets of $235K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $375K | $400K | $289K | $54K | — | — |
| 2022 | $356K | $355K | $228K | $46K | — | View 990 |
| 2021 | $353K | $211K | $207K | $2K | — | View 990 |
| 2020 | $106K | $89K | $63K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $375K, expenses of $400K, and assets of $289K (revenue +5.3% year-over-year).
- 2022: Revenue of $356K, expenses of $355K, and assets of $228K (revenue +0.8% year-over-year).
- 2021: Revenue of $353K, expenses of $211K, and assets of $207K (revenue +234.9% year-over-year).
- 2020: Revenue of $106K, expenses of $89K, and assets of $63K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Power Book Bags:
Data Sources and Methodology
This transparency report for Power Book Bags is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.