Empower-Emerging Markets Foundation

Analysis

Empower-Emerging Markets Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Empower-Emerging Markets Foundation reported income of $10.9m and spending of $11.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $10.9m (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2020, when income dropped by 31%. Over the whole period it spent 95% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Empower-Emerging Markets Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include International Center for Biosaline Agriculture ($10.8m), Hand in Hand American Friends of CNTR for Jewish-Arab Edu in Israel ($10.9m) and Unitarian Universalist Service Committee Inc ($10.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $445k (4.1% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $10.2m against liabilities of $4.5m, net assets of $5.7m. It reported 13 employees.