Empowerment Resource Center of Asheville & Buncombe County Inc

Analysis

Empowerment Resource Center of Asheville & Buncombe County Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Empowerment Resource Center of Asheville & Buncombe County Inc reported income of $141k and spending of $100k, leaving 30% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $93k to $141k (+52%), an average of +52% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Empowerment Resource Center of Asheville & Buncombe County Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Circus Mentors Inc ($141k), Portuguese Cultural Association ($141k) and Tallahassee Trust for Historic Preservation ($141k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. At year end it held assets of $77k against liabilities of $1,564, net assets of $76k.