Powers Family Foundation
Powers Family Foundation maintains strong asset growth and zero reported officer compensation over a decade.
EIN: 133637704 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $901K |
| Program Spending | 90% |
| Net Assets | $12.7M |
| Transparency Score | 90/100 |
Is Powers Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Powers Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Powers Family Foundation
Powers Family Foundation (EIN: 133637704) is a nonprofit organization based in New York, NY. The organization reported total revenue of $2.0M and total assets of $13.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Powers Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Powers Family Foundation is a mid-size nonprofit that has been operating for 34 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $852K |
| Total Expenses | $901K |
| Surplus / Deficit | $-48,705 |
| Total Assets | $12.7M |
| Total Liabilities | $1 |
| Net Assets | $12.7M |
| Operating Margin | -5.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 169.7 months |
Financial Health Grade: B
In 2023, Powers Family Foundation reported a deficit of $49K with expenses exceeding revenue, holds 169.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Powers Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.1% | +3.9% | -1.1% |
| 2022 | +3.1% | +29.4% | +2.1% |
| 2021 | +54.7% | +38.3% | +5.4% |
| 2020 | -18.6% | -9.4% | +3.1% |
| 2019 | +16.8% | -14.2% | +7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Powers Family Foundation with a Mission Score of 90 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: 90%
- fundraising: 0%
According to IRS 990 filings, Powers Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $49K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Powers Family Foundation consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer channels, which is highly favorable for directing resources to the mission.
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 Powers Family Foundation's IRS 990 filings:
- Expenses exceeded revenue in multiple years (e.g., 2023, 2015, 2013, 2012), indicating reliance on asset drawdowns.
- NTEE code is unknown, limiting direct peer comparison for financial metrics.
Strengths
The following positive indicators were identified for Powers Family Foundation:
- Consistent asset growth from $10,022,147 in 2012 to $12,744,477 in 2023, demonstrating financial stability.
- Zero reported officer compensation across all filings, indicating high efficiency in leadership costs.
- Minimal liabilities ($0 or $1 reported), signifying a very strong balance sheet and low financial risk.
- Long history of consistent IRS 990 filings (11 filings), indicating good transparency and compliance.
Frequently Asked Questions about Powers Family Foundation
Is Powers Family Foundation a legitimate charity?
Powers Family Foundation (EIN: 133637704) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 11 years of IRS 990 filings on record. Total revenue: $2.0M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Powers Family Foundation spend its money?
Powers Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Powers Family Foundation tax-deductible?
Powers Family Foundation is registered as a tax-exempt nonprofit (EIN: 133637704). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Powers Family Foundation located?
Powers Family Foundation is headquartered in New York, New York and files with the IRS under EIN 133637704.
How many years of IRS 990 filings does Powers Family Foundation have?
Powers Family Foundation has 11 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 $2.0M in total revenue.
What are the specific program areas or beneficiaries of the Powers Family Foundation's grants?
The provided IRS 990 data does not specify the program areas or beneficiaries. Further investigation into the foundation's public disclosures or website would be necessary to understand its grant-making focus.
How does the foundation manage its investment portfolio to support its mission?
While the foundation shows consistent asset growth from $10,022,147 in 2012 to $12,744,477 in 2023, the provided data does not detail its investment strategies or portfolio management. This information would typically be found in the investment section of the full IRS 990 form.
Why does the foundation report $1 in liabilities in several recent years?
Reporting $1 in liabilities is an unusual accounting practice. It could be a placeholder or a way to indicate minimal, almost negligible, outstanding obligations. Without further context from the full filing, the exact reason is unclear, but it consistently signifies extremely low financial risk.
Filing History
IRS 990 filing history for Powers Family Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Powers Family Foundation's revenue has grown by 73.2%, moving from $492K to $852K. Total assets increased by 24.1% over the same period, from $10.3M to $12.7M. Total functional expenses rose by 54.5%, from $583K to $901K. In its most recent filing year (2023), Powers Family Foundation reported a deficit of $49K, with expenses exceeding revenue. The organization holds $1 in liabilities against $12.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $852K | $901K | $12.7M | $1 | — | View 990 |
| 2022 | $1.4M | $867K | $12.9M | $1 | — | View 990 |
| 2021 | $1.3M | $670K | $12.6M | $1 | — | View 990 |
| 2020 | $849K | $485K | $12.0M | $1 | — | — |
| 2019 | $1.0M | $535K | $11.6M | $0 | — | View 990 |
| 2016 | $893K | $624K | $10.9M | $0 | — | View 990 |
| 2015 | $1.1M | $1.2M | $10.6M | $0 | — | View 990 |
| 2014 | $1.0M | $751K | $10.2M | $0 | — | View 990 |
| 2013 | $559K | $620K | $10.0M | $0 | — | View 990 |
| 2012 | $321K | $567K | $10.0M | $0 | — | View 990 |
| 2011 | $492K | $583K | $10.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $852K, expenses of $901K, and assets of $12.7M (revenue -37.1% year-over-year).
- 2022: Revenue of $1.4M, expenses of $867K, and assets of $12.9M (revenue +3.1% year-over-year).
- 2021: Revenue of $1.3M, expenses of $670K, and assets of $12.6M (revenue +54.7% year-over-year).
- 2020: Revenue of $849K, expenses of $485K, and assets of $12.0M (revenue -18.6% year-over-year).
- 2019: Revenue of $1.0M, expenses of $535K, and assets of $11.6M (revenue +16.8% year-over-year).
- 2016: Revenue of $893K, expenses of $624K, and assets of $10.9M (revenue -15.9% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.2M, and assets of $10.6M (revenue +6.2% year-over-year).
- 2014: Revenue of $1.0M, expenses of $751K, and assets of $10.2M (revenue +79.2% year-over-year).
- 2013: Revenue of $559K, expenses of $620K, and assets of $10.0M (revenue +73.8% year-over-year).
- 2012: Revenue of $321K, expenses of $567K, and assets of $10.0M (revenue -34.7% year-over-year).
- 2011: Revenue of $492K, expenses of $583K, and assets of $10.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Powers Family Foundation:
Data Sources and Methodology
This transparency report for Powers Family Foundation 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.