Poweroptions Inc
Poweroptions Inc: Strong Revenue Growth, but Spending Breakdown Lacks Detail
EIN: 223041893 · Boston, MA · NTEE: P20 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $6.0M |
| Total Expenses | $4.7M |
| Program Spending | 80% |
| Net Assets | $8.4M |
| Transparency Score | 75/100 |
Is Poweroptions Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Poweroptions Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Poweroptions Inc
Poweroptions Inc (EIN: 223041893) is a nonprofit organization based in Boston, MA, classified under NTEE code P20. The organization reported total revenue of $6.0M and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Poweroptions Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Poweroptions Inc is a mid-size nonprofit that has been operating for 9 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.2M |
| Total Expenses | $4.7M |
| Surplus / Deficit | +$413K |
| Total Assets | $9.8M |
| Total Liabilities | $1.3M |
| Net Assets | $8.4M |
| Operating Margin | 8.0% |
| Debt-to-Asset Ratio | 13.7% |
| Months of Reserves | 24.7 months |
Financial Health Grade: A
In 2024, Poweroptions Inc reported a surplus of $413K with revenue exceeding expenses, holds 24.7 months of operating reserves (strong position), has a debt-to-asset ratio of 13.7% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Poweroptions Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +36.2% | +29.2% | +17.7% |
| 2023 | +31.1% | +27.3% | +9.6% |
| 2022 | -13.6% | +9.6% | -12.8% |
| 2021 | +7.5% | -14.8% | +21.7% |
| 2020 | -7.3% | -3.2% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2017 |
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 Poweroptions Inc with a Mission Score of 75 out of 100 (Good). 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, Poweroptions 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $413K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.7%.
Executive Compensation Analysis
The provided data consistently reports 0% compensation for the highest-paid individuals, which is unusual for an organization of this size and revenue, suggesting executive compensation may be reported under different categories or not disclosed in this specific format.
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 Poweroptions Inc's IRS 990 filings:
- Lack of detailed program spending breakdown in available filings.
- Consistent reporting of 0% compensation for highest-paid individuals raises questions about executive compensation transparency.
- The 'x' value (expenses) in the filings is consistently high relative to revenue, requiring further analysis to understand cost efficiency.
Strengths
The following positive indicators were identified for Poweroptions Inc:
- Consistent and significant revenue growth over the past several years, from $2,891,389 in 2022 to $5,160,023 in 2024.
- Healthy asset base, growing from $7,567,467 in 2022 to $9,756,577 in 2024.
- Positive net assets (assets exceeding liabilities) in all reported years.
- Strong financial stability with low liabilities relative to assets.
Frequently Asked Questions about Poweroptions Inc
Is Poweroptions Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Poweroptions Inc (EIN: 223041893) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Poweroptions Inc spend its money?
Poweroptions Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Poweroptions Inc tax-deductible?
Poweroptions Inc is registered as a tax-exempt nonprofit (EIN: 223041893). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Poweroptions Inc's spending goes to programs?
Poweroptions Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Poweroptions Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Poweroptions Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Poweroptions Inc located?
Poweroptions Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 223041893. It is classified under NTEE code P20.
How many years of IRS 990 filings does Poweroptions Inc have?
Poweroptions Inc has 14 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 $6.0M in total revenue.
What does Poweroptions Inc do?
Poweroptions Inc is a nonprofit organization in the Human Services sector, located in Boston, Massachusetts. It is classified under NTEE code P20.
How much revenue does Poweroptions Inc have?
Poweroptions Inc reported total revenue of $6,011,892. Based on 14 IRS 990 filings on record.
What are Poweroptions Inc's total assets?
Poweroptions Inc holds total assets of $9,756,577 as reported in IRS 990 filings.
Where is Poweroptions Inc located?
Poweroptions Inc is based in Boston, Massachusetts.
What is Poweroptions Inc's EIN?
Poweroptions Inc's Employer Identification Number (EIN) is 223041893. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Poweroptions Inc?
Poweroptions Inc is classified under NTEE code P20 (Human Services).
Is Poweroptions Inc a registered 501(c)(3)?
Yes, Poweroptions Inc is recognized as a tax-exempt organization by the IRS. EIN: 223041893.
Does Poweroptions Inc file IRS Form 990?
Yes, Poweroptions Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Poweroptions Inc's revenue in 2024?
In the 202406 filing period, Poweroptions Inc reported total revenue of $5,160,023, total expenses of $4,746,997, and net assets of $9,756,577.
Is Poweroptions Inc's revenue growing or declining?
Poweroptions Inc's revenue is growing. Revenue went from $3,789,504 (202306) to $5,160,023 (202406), a +36.2% change. Based on 14 filings on record.
What is Poweroptions Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Poweroptions Inc covers tax period 202406. It shows revenue of $5,160,023, expenses of $4,746,997, total assets of $9,756,577, and liabilities of $1,336,817.
How much does Poweroptions Inc spend on programs vs administration?
Based on IRS 990 analysis, Poweroptions Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Poweroptions Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Poweroptions Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 4 strengths noted.
What are the red flags for Poweroptions Inc?
The following concerns were identified: Lack of detailed program spending breakdown in available filings.. Consistent reporting of 0% compensation for highest-paid individuals raises questions about executive compensation transparency.. The 'x' value (expenses) in the filings is consistently high relative to revenue, requiring further analysis to understand cost efficiency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Poweroptions Inc's strengths?
Positive indicators for Poweroptions Inc include: Consistent and significant revenue growth over the past several years, from $2,891,389 in 2022 to $5,160,023 in 2024.. Healthy asset base, growing from $7,567,467 in 2022 to $9,756,577 in 2024.. Positive net assets (assets exceeding liabilities) in all reported years.. Strong financial stability with low liabilities relative to assets.. These findings are derived from AI analysis of the organization's financial filings.
How does Poweroptions Inc compensate executives?
The provided data consistently reports 0% compensation for the highest-paid individuals, which is unusual for an organization of this size and revenue, suggesting executive compensation may be reported under different categories or not disclosed in this specific format. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Poweroptions Inc?
• Detailed program spending is not readily available in the provided data, making it difficult to assess the true impact of their programs. • The financial filings show consistent revenue growth, from $2,891,389 in 2022 to $5,160,023 in 2024, indicating strong fundraising and operational performance. • The organization consistently reports 0% compensation for its highest-paid individuals, which requires further investigation to understand how executive compensation is structured and reported. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent 0% compensation reported for the highest-paid individuals, how does Poweroptions Inc compensate its executive leadership, and where is this compensation reflected in their financial statements?
The provided data does not offer a clear answer. It's possible executive compensation is bundled into other expense categories, paid through a related entity, or the reporting format for 'c' (compensation) specifically refers to something other than total executive compensation. Further investigation into their full IRS Form 990 would be necessary to clarify this.
With 'x' (expenses) consistently close to 'r' (revenue) in recent years (e.g., $4,746,997 expenses vs. $5,160,023 revenue in 2024), what is the organization's strategy for managing operational efficiency and ensuring a healthy surplus for future growth and programs?
While the data shows expenses are high relative to revenue, the organization has consistently maintained a positive asset base and grown its assets, suggesting effective financial management despite high operational costs. A detailed breakdown of expenses would be needed to assess specific efficiency strategies, but the overall financial health indicates a sustainable model.
Filing History
IRS 990 filing history for Poweroptions Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Poweroptions Inc's revenue has grown by 195.6%, moving from $1.7M to $5.2M. Total assets increased by 390.6% over the same period, from $2.0M to $9.8M. Total functional expenses rose by 220.5%, from $1.5M to $4.7M. In its most recent filing year (2024), Poweroptions Inc reported a surplus of $413K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $9.8M in assets (debt-to-asset ratio: 13.7%), resulting in net assets of $8.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $5.2M | $4.7M | $9.8M | $1.3M | — | View 990 |
| 2023 | $3.8M | $3.7M | $8.3M | $980K | — | View 990 |
| 2022 | $2.9M | $2.9M | $7.6M | $798K | — | View 990 |
| 2021 | $3.3M | $2.6M | $8.7M | $784K | — | View 990 |
| 2020 | $3.1M | $3.1M | $7.1M | $802K | — | View 990 |
| 2019 | $3.4M | $3.2M | $7.0M | $920K | — | View 990 |
| 2018 | $3.4M | $3.5M | $6.7M | $1.0M | — | View 990 |
| 2017 | $3.9M | $2.9M | $6.3M | $645K | — | View 990 |
| 2016 | $3.2M | $2.4M | $4.9M | $576K | — | View 990 |
| 2015 | $3.1M | $1.9M | $3.9M | $515K | — | View 990 |
| 2014 | $2.1M | $2.0M | $2.7M | $422K | — | View 990 |
| 2013 | $2.0M | $1.7M | $2.5M | $369K | — | View 990 |
| 2012 | $1.8M | $1.7M | $2.2M | $401K | — | View 990 |
| 2011 | $1.7M | $1.5M | $2.0M | $342K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $5.2M, expenses of $4.7M, and assets of $9.8M (revenue +36.2% year-over-year).
- 2023: Revenue of $3.8M, expenses of $3.7M, and assets of $8.3M (revenue +31.1% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.9M, and assets of $7.6M (revenue -13.6% year-over-year).
- 2021: Revenue of $3.3M, expenses of $2.6M, and assets of $8.7M (revenue +7.5% year-over-year).
- 2020: Revenue of $3.1M, expenses of $3.1M, and assets of $7.1M (revenue -7.3% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.2M, and assets of $7.0M (revenue -0.5% year-over-year).
- 2018: Revenue of $3.4M, expenses of $3.5M, and assets of $6.7M (revenue -13.9% year-over-year).
- 2017: Revenue of $3.9M, expenses of $2.9M, and assets of $6.3M (revenue +24.0% year-over-year).
- 2016: Revenue of $3.2M, expenses of $2.4M, and assets of $4.9M (revenue +0.8% year-over-year).
- 2015: Revenue of $3.1M, expenses of $1.9M, and assets of $3.9M (revenue +48.9% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.0M, and assets of $2.7M (revenue +4.5% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.7M, and assets of $2.5M (revenue +9.4% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.7M, and assets of $2.2M (revenue +5.6% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.5M, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Poweroptions Inc:
Data Sources and Methodology
This transparency report for Poweroptions 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.