Powers Water Association
EIN: 640433780 · Laurel, MS · NTEE: C34
| Metric | Value |
|---|---|
| Total Revenue | $532K |
| Total Expenses | $484K |
| Net Assets | $862K |
Is Powers Water Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Powers Water Association
Powers Water Association (EIN: 640433780) is a nonprofit organization based in Laurel, MS, classified under NTEE code C34. The organization reported total revenue of $532K and total assets of $926K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Powers Water Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Powers Water Association is a small nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2013–2024). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $514K |
| Total Expenses | $484K |
| Surplus / Deficit | +$30K |
| Total Assets | $910K |
| Total Liabilities | $48K |
| Net Assets | $862K |
| Operating Margin | 5.9% |
| Debt-to-Asset Ratio | 5.3% |
| Months of Reserves | 22.6 months |
Financial Health Grade: A
In 2024, Powers Water Association reported a surplus of $30K with revenue exceeding expenses, holds 22.6 months of operating reserves (strong position), has a debt-to-asset ratio of 5.3% (very low leverage).
Financial Trends
Over 12 years of filings (2013–2024), Powers Water Association's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +6.6% | +6.1% | +2.7% |
| 2023 | +15.9% | -0.6% | -2.7% |
| 2022 | +11.0% | +16.7% | -9.7% |
| 2021 | +5.2% | +22.3% | -5.8% |
| 2020 | +2.0% | +0.8% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Powers Water Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Powers Water Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.3%.
Frequently Asked Questions about Powers Water Association
Is Powers Water Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Powers Water Association (EIN: 640433780) insufficient data. 0 red flags identified, 0 strengths noted.
How does Powers Water Association spend its money?
Detailed spending breakdown data is not yet available for Powers Water Association. Check back for updated IRS 990 analysis.
Are donations to Powers Water Association tax-deductible?
Powers Water Association is registered as a tax-exempt nonprofit (EIN: 640433780). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Powers Water Association located?
Powers Water Association is headquartered in Laurel, Mississippi and files with the IRS under EIN 640433780. It is classified under NTEE code C34.
How many years of IRS 990 filings does Powers Water Association have?
Powers Water Association has 12 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 $532K in total revenue.
Filing History
IRS 990 filing history for Powers Water Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2013–2024), Powers Water Association's revenue has grown by 55.4%, moving from $331K to $514K. Total assets increased by 11% over the same period, from $820K to $910K. Total functional expenses rose by 67.7%, from $288K to $484K. In its most recent filing year (2024), Powers Water Association reported a surplus of $30K, with revenue exceeding expenses. The organization holds $48K in liabilities against $910K in assets (debt-to-asset ratio: 5.3%), resulting in net assets of $862K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $514K | $484K | $910K | $48K | — | — |
| 2023 | $482K | $456K | $886K | $54K | — | — |
| 2022 | $416K | $458K | $911K | $105K | — | View 990 |
| 2021 | $374K | $393K | $1.0M | $159K | — | — |
| 2020 | $356K | $321K | $1.1M | $202K | — | View 990 |
| 2019 | $349K | $319K | $1.1M | $250K | — | View 990 |
| 2018 | $348K | $273K | $835K | $32K | — | View 990 |
| 2017 | $359K | $294K | $761K | $34K | — | View 990 |
| 2016 | $348K | $281K | $771K | $109K | — | View 990 |
| 2015 | $324K | $270K | $848K | $253K | — | View 990 |
| 2014 | $321K | $291K | $941K | $400K | — | View 990 |
| 2013 | $331K | $288K | $820K | $309K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $514K, expenses of $484K, and assets of $910K (revenue +6.6% year-over-year).
- 2023: Revenue of $482K, expenses of $456K, and assets of $886K (revenue +15.9% year-over-year).
- 2022: Revenue of $416K, expenses of $458K, and assets of $911K (revenue +11.0% year-over-year).
- 2021: Revenue of $374K, expenses of $393K, and assets of $1.0M (revenue +5.2% year-over-year).
- 2020: Revenue of $356K, expenses of $321K, and assets of $1.1M (revenue +2.0% year-over-year).
- 2019: Revenue of $349K, expenses of $319K, and assets of $1.1M (revenue +0.1% year-over-year).
- 2018: Revenue of $348K, expenses of $273K, and assets of $835K (revenue -2.9% year-over-year).
- 2017: Revenue of $359K, expenses of $294K, and assets of $761K (revenue +3.1% year-over-year).
- 2016: Revenue of $348K, expenses of $281K, and assets of $771K (revenue +7.4% year-over-year).
- 2015: Revenue of $324K, expenses of $270K, and assets of $848K (revenue +1.1% year-over-year).
- 2014: Revenue of $321K, expenses of $291K, and assets of $941K (revenue -3.0% year-over-year).
- 2013: Revenue of $331K, expenses of $288K, and assets of $820K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Powers Water Association:
Data Sources and Methodology
This transparency report for Powers Water Association 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.