Powercross
Powercross shows consistent financial growth and zero reported officer compensation over a decade.
EIN: 141989435 · Statesville, NC · NTEE: X20 · Updated: 2026-03-28
Is Powercross Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Powercross directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Powercross
Powercross (EIN: 141989435) is a nonprofit organization based in Statesville, NC, classified under NTEE code X20. The organization reported total revenue of $4.4M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Powercross's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Powercross is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$330K |
| Total Assets | $3.3M |
| Net Assets | $3.3M |
| Operating Margin | 12.8% |
| Months of Reserves | 17.6 months |
Financial Health Grade: A
In 2023, Powercross reported a surplus of $330K with revenue exceeding expenses, holds 17.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Powercross's revenue has grown at a compound annual growth rate (CAGR) of 25.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.6% | +0.2% | +7.8% |
| 2022 | +68.8% | +63.6% | +239.9% |
| 2021 | +12.5% | -7.9% | +16.9% |
| 2020 | +27.7% | +40.0% | +45.6% |
| 2019 | +35.2% | +15.3% | +45.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Powercross with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Powercross allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $330K, with revenue exceeding expenses.
Executive Compensation Analysis
Powercross consistently reports 0% officer compensation across all 13 available IRS 990 filings, which is highly unusual for an organization with revenues exceeding $2.5 million and assets over $3 million. This suggests either a fully volunteer-led executive team or that compensation is structured in a way that is not reported under 'officer compensation' on the 990.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Powercross's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes precise spending efficiency analysis difficult.
- Consistent 0% officer compensation for an organization of this size is highly unusual and warrants further investigation into how leadership is compensated, if at all.
Strengths
The following positive indicators were identified for Powercross:
- Strong and consistent revenue growth over the past decade.
- Healthy financial surpluses in most recent years, indicating effective financial management.
- Significant growth in assets, from $25,125 in 2014 to $3,311,174 in 2023.
- Consistently low or zero liabilities, indicating strong financial solvency.
- Zero reported officer compensation across all filings, suggesting a high dedication of funds to mission or volunteer leadership.
Frequently Asked Questions about Powercross
Is Powercross a legitimate charity?
Based on AI analysis of IRS 990 filings, Powercross (EIN: 141989435) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Powercross spend its money?
Powercross directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Powercross tax-deductible?
Powercross is registered as a tax-exempt nonprofit (EIN: 141989435). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Powercross financially stable?
Yes, Powercross appears financially stable. They have consistently generated more revenue than expenses in recent years, leading to a growing asset base of $3,311,174 in 2023 and minimal to no liabilities.
How has Powercross's revenue grown over time?
Powercross has experienced significant revenue growth, increasing from $561,394 in 2014 to $2,585,114 in 2023, demonstrating a strong upward trend in financial support.
Does Powercross pay its officers?
According to all 13 available IRS 990 filings, Powercross reports 0% officer compensation, indicating that no compensation is paid to officers as defined by the IRS for these periods.
What is Powercross's asset-to-liability ratio?
Powercross maintains a very strong asset-to-liability ratio. For example, in 2023, assets were $3,311,174 with $0 liabilities, and in 2022, assets were $3,070,299 with liabilities of only $89,349, indicating excellent financial health.
Filing History
IRS 990 filing history for Powercross showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Powercross's revenue has grown by 1372.4%, moving from $176K to $2.6M. Total assets increased by 2231.5% over the same period, from $142K to $3.3M. Total functional expenses rose by 1047.3%, from $197K to $2.3M. In its most recent filing year (2023), Powercross reported a surplus of $330K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.3M | $3.3M | $0 | — | View 990 |
| 2022 | $3.0M | $2.3M | $3.1M | $89K | — | View 990 |
| 2021 | $1.8M | $1.4M | $903K | $0 | — | View 990 |
| 2020 | $1.6M | $1.5M | $773K | $162K | — | View 990 |
| 2019 | $1.2M | $1.1M | $531K | $0 | — | View 990 |
| 2018 | $913K | $926K | $364K | $0 | — | View 990 |
| 2017 | $745K | $687K | $377K | $0 | — | View 990 |
| 2016 | $507K | $473K | $305K | $0 | — | View 990 |
| 2015 | $421K | $390K | $271K | $0 | — | View 990 |
| 2014 | $561K | $1.1M | $25K | $0 | — | View 990 |
| 2013 | $232K | $231K | $12K | $0 | — | View 990 |
| 2012 | $212K | $214K | $140K | $0 | — | View 990 |
| 2011 | $176K | $197K | $142K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.3M, and assets of $3.3M (revenue -13.6% year-over-year).
- 2022: Revenue of $3.0M, expenses of $2.3M, and assets of $3.1M (revenue +68.8% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.4M, and assets of $903K (revenue +12.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.5M, and assets of $773K (revenue +27.7% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $531K (revenue +35.2% year-over-year).
- 2018: Revenue of $913K, expenses of $926K, and assets of $364K (revenue +22.6% year-over-year).
- 2017: Revenue of $745K, expenses of $687K, and assets of $377K (revenue +47.0% year-over-year).
- 2016: Revenue of $507K, expenses of $473K, and assets of $305K (revenue +20.4% year-over-year).
- 2015: Revenue of $421K, expenses of $390K, and assets of $271K (revenue -25.0% year-over-year).
- 2014: Revenue of $561K, expenses of $1.1M, and assets of $25K (revenue +141.6% year-over-year).
- 2013: Revenue of $232K, expenses of $231K, and assets of $12K (revenue +9.4% year-over-year).
- 2012: Revenue of $212K, expenses of $214K, and assets of $140K (revenue +21.0% year-over-year).
- 2011: Revenue of $176K, expenses of $197K, and assets of $142K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Powercross:
Data Sources and Methodology
This transparency report for Powercross 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.