POWER FOUNDATION
MEMPHIS,
Tennessee,
38141
EIN: 85-1332327
Mutual/Membership Benefit Organizations, Other
MISSION
To engage in work with nonprofits, HBCU's, and community organizations to make investments of time, talent, and treasure. To improve the overall quality of life through economic empowerment, education, and advocacy
DEMOGRAPHIC
ADDRESS
4324 THISTLEWAY DR
38141
COUNTY
shelby county, TN
IN CARE OF NAME
MELYVN M TUGGLE - CHAIRMAN
ORGANIZATIONAL OVERVIEW & RANKINGS
POWER FOUNDATION is a based in MEMPHIS, TN, focused on Mutual/Membership Benefit Organizations, Other causes , specifically Alliance/Advocacy Organizations. Established in August 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 1,022,026 among 2,656,690 nonprofits nationally (Top 39%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 24,845 out of 52,500 organizations in TN (Top 48%).
In shelby county, TN, the organization ranks 4,673 out of 12,814 nonprofits by assets (Top 37%), while locally in memphis, it stands at 3,312 among 10,368 organizations (Top 32%).
The organization reported no revenue in the most recent filing period, placing it at 1,326,895 nationally and 27,558 in TN.
Within its specific NTEE classification (Y01 - Y: Mutual/Membership Benefit Organizations, Other), which includes 207 similar organizations, POWER FOUNDATION ranks 67 in assets (Top 30%) and 59 in revenue (Top 26%).
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
Y: Mutual/Membership Benefit Organizations, Other
NTEE CODE
Y01: Alliance/Advocacy Organizations
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
08/2020
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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