Powermylearning Inc
Powermylearning Inc faces recent deficit after period of surplus, maintains zero officer compensation.
EIN: 133935309 · New York, NY · NTEE: U41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.1M |
| Total Expenses | $8.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $5.1M |
| Transparency Score | 85/100 |
Is Powermylearning Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Powermylearning Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Powermylearning Inc
Powermylearning Inc (EIN: 133935309) is a nonprofit organization based in New York, NY, classified under NTEE code U41. The organization reported total revenue of $7.1M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Powermylearning Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Powermylearning Inc is a mid-size nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $8.4M |
| Surplus / Deficit | $-2,100,740 |
| Total Assets | $5.9M |
| Total Liabilities | $779K |
| Net Assets | $5.1M |
| Operating Margin | -33.4% |
| Debt-to-Asset Ratio | 13.2% |
| Months of Reserves | 8.4 months |
Financial Health Grade: B
In 2023, Powermylearning Inc reported a deficit of $2.1M with expenses exceeding revenue, holds 8.4 months of operating reserves (strong position), has a debt-to-asset ratio of 13.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Powermylearning Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.3% | +16.1% | -29.2% |
| 2022 | +50.9% | +7.3% | +21.9% |
| 2021 | -43.1% | -37.7% | -17.3% |
| 2020 | +1.7% | -4.7% | +20.4% |
| 2019 | -12.6% | -4.5% | -19.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Powermylearning Inc with a Mission Score of 85 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Powermylearning Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 deficit of $2.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received reportable compensation from the organization. This is a highly positive sign for an organization of its size, with revenues often exceeding $10 million in prior years, demonstrating a strong commitment to directing funds towards its mission rather than executive salaries.
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 Powermylearning Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Powermylearning Inc:
- 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.
Frequently Asked Questions about Powermylearning Inc
Is Powermylearning Inc a legitimate charity?
Powermylearning Inc (EIN: 133935309) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.1M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Powermylearning Inc spend its money?
Powermylearning Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Powermylearning Inc tax-deductible?
Powermylearning Inc is registered as a tax-exempt nonprofit (EIN: 133935309). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Powermylearning Inc CEO make?
Powermylearning Inc's highest-compensated officer earns $10 annually. The organization reported $7.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Powermylearning Inc's spending goes to programs?
Powermylearning Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Powermylearning Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Powermylearning Inc is above average for NTEE category U41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Powermylearning Inc located?
Powermylearning Inc is headquartered in New York, New York and files with the IRS under EIN 133935309. It is classified under NTEE code U41.
How many years of IRS 990 filings does Powermylearning Inc have?
Powermylearning Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.1M in total revenue.
Is Powermylearning Inc financially stable given the recent deficit?
While the 202306 filing shows expenses exceeding revenue by over $2 million, the organization has a history of fluctuating financial performance, including periods of significant surplus. Its assets of $5,882,213 and relatively low liabilities of $778,745 in 202306 suggest it has reserves to absorb this deficit, but sustained deficits would be a concern.
How does Powermylearning Inc's officer compensation compare to similar nonprofits?
Powermylearning Inc's reported 0% officer compensation is exceptionally low and highly favorable compared to most nonprofits of similar size, which typically report some level of executive compensation. This indicates a strong commitment to minimizing administrative overhead.
What caused the significant drop in revenue from $9,294,963 in 202206 to $6,289,580 in 202306?
The provided data does not specify the exact reasons for the revenue decline. It could be due to various factors such as changes in grant funding, donor contributions, or economic conditions affecting fundraising efforts. Further investigation into their detailed financial statements would be needed.
Filing History
IRS 990 filing history for Powermylearning Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Powermylearning Inc's revenue has declined by 69%, moving from $20.3M to $6.3M. Total assets increased by 4.6% over the same period, from $5.6M to $5.9M. Total functional expenses fell by 58.7%, from $20.3M to $8.4M. In its most recent filing year (2023), Powermylearning Inc reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $779K in liabilities against $5.9M in assets (debt-to-asset ratio: 13.2%), resulting in net assets of $5.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $8.4M | $5.9M | $779K | — | View 990 |
| 2022 | $9.3M | $7.2M | $8.3M | $1.1M | — | View 990 |
| 2021 | $6.2M | $6.7M | $6.8M | $1.7M | — | View 990 |
| 2020 | $10.8M | $10.8M | $8.2M | $2.5M | — | View 990 |
| 2019 | $10.6M | $11.3M | $6.8M | $1.1M | — | View 990 |
| 2018 | $12.2M | $11.9M | $8.4M | $2.0M | — | View 990 |
| 2017 | $11.6M | $11.2M | $9.0M | $2.8M | — | View 990 |
| 2016 | $12.1M | $11.1M | $8.4M | $2.8M | — | View 990 |
| 2015 | $8.8M | $8.8M | $7.4M | $2.8M | — | View 990 |
| 2014 | $10.5M | $10.7M | $6.5M | $1.9M | — | View 990 |
| 2013 | $23.3M | $21.2M | $7.5M | $2.7M | — | View 990 |
| 2012 | $28.5M | $27.4M | $5.4M | $2.7M | — | View 990 |
| 2011 | $20.3M | $20.3M | $5.6M | $4.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $8.4M, and assets of $5.9M (revenue -32.3% year-over-year).
- 2022: Revenue of $9.3M, expenses of $7.2M, and assets of $8.3M (revenue +50.9% year-over-year).
- 2021: Revenue of $6.2M, expenses of $6.7M, and assets of $6.8M (revenue -43.1% year-over-year).
- 2020: Revenue of $10.8M, expenses of $10.8M, and assets of $8.2M (revenue +1.7% year-over-year).
- 2019: Revenue of $10.6M, expenses of $11.3M, and assets of $6.8M (revenue -12.6% year-over-year).
- 2018: Revenue of $12.2M, expenses of $11.9M, and assets of $8.4M (revenue +4.6% year-over-year).
- 2017: Revenue of $11.6M, expenses of $11.2M, and assets of $9.0M (revenue -3.7% year-over-year).
- 2016: Revenue of $12.1M, expenses of $11.1M, and assets of $8.4M (revenue +37.7% year-over-year).
- 2015: Revenue of $8.8M, expenses of $8.8M, and assets of $7.4M (revenue -16.3% year-over-year).
- 2014: Revenue of $10.5M, expenses of $10.7M, and assets of $6.5M (revenue -55.1% year-over-year).
- 2013: Revenue of $23.3M, expenses of $21.2M, and assets of $7.5M (revenue -18.2% year-over-year).
- 2012: Revenue of $28.5M, expenses of $27.4M, and assets of $5.4M (revenue +40.4% year-over-year).
- 2011: Revenue of $20.3M, expenses of $20.3M, and assets of $5.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Powermylearning Inc:
Data Sources and Methodology
This transparency report for Powermylearning 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.