Powerplay Nyc Inc
Powerplay Nyc Inc shows consistent revenue and asset growth, but recent liabilities have significantly increased.
EIN: 134045021 · New York, NY · NTEE: N60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $2.2M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $618K |
| Transparency Score | 75/100 |
Is Powerplay Nyc Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Powerplay Nyc Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Powerplay Nyc Inc
Powerplay Nyc Inc (EIN: 134045021) is a nonprofit organization based in New York, NY, classified under NTEE code N60. The organization reported total revenue of $2.4M and total assets of $912K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Powerplay Nyc Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Powerplay Nyc Inc is a mid-size nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-247,529 |
| Total Assets | $1.7M |
| Total Liabilities | $1.1M |
| Net Assets | $618K |
| Operating Margin | -12.8% |
| Debt-to-Asset Ratio | 63.4% |
| Months of Reserves | 9.3 months |
Financial Health Grade: C
In 2023, Powerplay Nyc Inc reported a deficit of $248K with expenses exceeding revenue, holds 9.3 months of operating reserves (strong position), has a debt-to-asset ratio of 63.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Powerplay Nyc Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.4% | +3.7% | +10.7% |
| 2022 | +5.0% | -1.0% | +3.7% |
| 2021 | +2.7% | -8.8% | +12.4% |
| 2020 | -3.0% | +7.6% | +7.3% |
| 2019 | +23.0% | +33.7% | +17.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2000 |
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 Powerplay Nyc 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Powerplay Nyc Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $248K, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 available filings, which is highly unusual for an organization with annual revenues exceeding $2 million, suggesting either pro-bono leadership or compensation is categorized differently.
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 Powerplay Nyc Inc's IRS 990 filings:
- Significant increase in liabilities from $10,917 in 2015 to $1,068,834 in 2023, which needs further explanation.
- Expenses exceeded revenue in the 2023 fiscal period ($2,183,632 vs $1,936,103), indicating a deficit for that year.
- Consistent reporting of 0% officer compensation, which is unusual for an organization of this size and could indicate compensation is reported elsewhere, reducing transparency on executive pay.
Strengths
The following positive indicators were identified for Powerplay Nyc Inc:
- Consistent revenue generation, generally above $1.7 million annually since 2018.
- Steady growth in assets, from $196,913 in 2014 to $1,687,015 in 2023, indicating financial growth.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to regulatory compliance and public disclosure.
- Generally stable operations with expenses consistently managed over a decade.
Frequently Asked Questions about Powerplay Nyc Inc
Is Powerplay Nyc Inc a legitimate charity?
Powerplay Nyc Inc (EIN: 134045021) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.4M. 3 red flags identified. 4 strengths noted. Financial health grade: C.
How does Powerplay Nyc Inc spend its money?
Powerplay Nyc Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Powerplay Nyc Inc tax-deductible?
Powerplay Nyc Inc is registered as a tax-exempt nonprofit (EIN: 134045021). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Powerplay Nyc Inc CEO make?
Powerplay Nyc Inc's highest-compensated officer earns $2 annually. The organization reported $2.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Powerplay Nyc Inc's spending goes to programs?
Powerplay Nyc Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Powerplay Nyc Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Powerplay Nyc Inc is above average for NTEE category N60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Powerplay Nyc Inc located?
Powerplay Nyc Inc is headquartered in New York, New York and files with the IRS under EIN 134045021. It is classified under NTEE code N60.
How many years of IRS 990 filings does Powerplay Nyc Inc have?
Powerplay Nyc 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 $2.4M in total revenue.
Is Powerplay Nyc Inc financially stable?
Yes, Powerplay Nyc Inc generally appears financially stable, with assets growing from $196,913 in 2014 to $1,687,015 in 2023. However, expenses exceeded revenue in 2023 ($2,183,632 vs $1,936,103), and liabilities have significantly increased to $1,068,834 in 2023, which warrants monitoring.
How does Powerplay Nyc Inc manage executive compensation?
The IRS 990 filings consistently report 0% officer compensation, which is highly transparent if accurate, or indicates that executive compensation is reported under other expense categories not explicitly labeled as 'Officer Comp'.
What is the trend in Powerplay Nyc Inc's liabilities?
Liabilities have shown a significant upward trend, increasing from $10,917 in 2015 to $1,068,834 in 2023. This substantial increase requires further investigation to understand its nature and potential impact on financial health.
Has Powerplay Nyc Inc consistently operated within its budget?
While generally operating within its means, Powerplay Nyc Inc experienced deficits in 2020 (expenses $2,331,306 vs revenue $2,121,842) and 2023 (expenses $2,183,632 vs revenue $1,936,103), indicating periods where expenses outpaced revenue.
Filing History
IRS 990 filing history for Powerplay Nyc Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Powerplay Nyc Inc's revenue has grown by 772.1%, moving from $222K to $1.9M. Total assets increased by 838% over the same period, from $180K to $1.7M. Total functional expenses rose by 848.6%, from $230K to $2.2M. In its most recent filing year (2023), Powerplay Nyc Inc reported a deficit of $248K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $1.7M in assets (debt-to-asset ratio: 63.4%), resulting in net assets of $618K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.2M | $1.7M | $1.1M | — | — |
| 2022 | $2.3M | $2.1M | $1.5M | $658K | — | View 990 |
| 2021 | $2.2M | $2.1M | $1.5M | $787K | — | — |
| 2020 | $2.1M | $2.3M | $1.3M | $678K | — | View 990 |
| 2019 | $2.2M | $2.2M | $1.2M | $380K | — | View 990 |
| 2018 | $1.8M | $1.6M | $1.0M | $221K | — | View 990 |
| 2017 | $1.1M | $925K | $780K | $104K | — | View 990 |
| 2016 | $750K | $702K | $519K | $34K | — | View 990 |
| 2015 | $869K | $604K | $448K | $11K | — | View 990 |
| 2014 | $379K | $299K | $197K | $25K | — | View 990 |
| 2013 | $189K | $245K | $101K | $9K | — | View 990 |
| 2012 | $191K | $205K | $154K | $5K | — | View 990 |
| 2011 | $222K | $230K | $180K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.2M, and assets of $1.7M (revenue -15.4% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.1M, and assets of $1.5M (revenue +5.0% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.1M, and assets of $1.5M (revenue +2.7% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.3M, and assets of $1.3M (revenue -3.0% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.2M, and assets of $1.2M (revenue +23.0% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.6M, and assets of $1.0M (revenue +59.1% year-over-year).
- 2017: Revenue of $1.1M, expenses of $925K, and assets of $780K (revenue +48.9% year-over-year).
- 2016: Revenue of $750K, expenses of $702K, and assets of $519K (revenue -13.7% year-over-year).
- 2015: Revenue of $869K, expenses of $604K, and assets of $448K (revenue +129.4% year-over-year).
- 2014: Revenue of $379K, expenses of $299K, and assets of $197K (revenue +100.8% year-over-year).
- 2013: Revenue of $189K, expenses of $245K, and assets of $101K (revenue -1.1% year-over-year).
- 2012: Revenue of $191K, expenses of $205K, and assets of $154K (revenue -14.1% year-over-year).
- 2011: Revenue of $222K, expenses of $230K, and assets of $180K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Powerplay Nyc Inc:
Data Sources and Methodology
This transparency report for Powerplay Nyc 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.