Power Of The Purse Inc
EIN: 823524163 · Minot, ND · NTEE: P40
Is Power Of The Purse Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Power Of The Purse Inc
Power Of The Purse Inc (EIN: 823524163) is a nonprofit organization based in Minot, ND, classified under NTEE code P40. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Power Of The Purse Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Power Of The Purse Inc is a small nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2017–2022).
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $107K |
| Total Expenses | $154K |
| Surplus / Deficit | $-46,480 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -43.4% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2022, Power Of The Purse Inc reported a deficit of $46K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +327.8% | +464.1% | -100.0% |
| 2021 | -2.9% | -5.1% | -4.2% |
| 2020 | -7.8% | +13.1% | -4.1% |
| 2019 | -61.9% | +3.9% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Power Of The Purse Inc 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 Of The Purse Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $46K, with expenses exceeding revenue.
Frequently Asked Questions about Power Of The Purse Inc
Is Power Of The Purse Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Power Of The Purse Inc (EIN: 823524163) insufficient data. 0 red flags identified, 0 strengths noted.
How does Power Of The Purse Inc spend its money?
Detailed spending breakdown data is not yet available for Power Of The Purse Inc. Check back for updated IRS 990 analysis.
Are donations to Power Of The Purse Inc tax-deductible?
Power Of The Purse Inc is registered as a tax-exempt nonprofit (EIN: 823524163). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Power Of The Purse Inc located?
Power Of The Purse Inc is headquartered in Minot, North Dakota and files with the IRS under EIN 823524163. It is classified under NTEE code P40.
How many years of IRS 990 filings does Power Of The Purse Inc have?
Power Of The Purse Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Power Of The Purse Inc showing financial trends over 6 years of public records:
Total assets decreased by 100% over the same period, from $1 to $0. In its most recent filing year (2022), Power Of The Purse Inc reported a deficit of $46K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $107K | $154K | $0 | $0 | — | View 990 |
| 2021 | $25K | $27K | $233K | $187K | — | — |
| 2020 | $26K | $29K | $243K | $195K | — | — |
| 2019 | $28K | $25K | $254K | $202K | — | View 990 |
| 2018 | $73K | $24K | $259K | $210K | — | View 990 |
| 2017 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $107K, expenses of $154K, and assets of $0 (revenue +327.8% year-over-year).
- 2021: Revenue of $25K, expenses of $27K, and assets of $233K (revenue -2.9% year-over-year).
- 2020: Revenue of $26K, expenses of $29K, and assets of $243K (revenue -7.8% year-over-year).
- 2019: Revenue of $28K, expenses of $25K, and assets of $254K (revenue -61.9% year-over-year).
- 2018: Revenue of $73K, expenses of $24K, and assets of $259K.
- 2017: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Power Of The Purse Inc:
Data Sources and Methodology
This transparency report for Power Of The Purse Inc 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.