Empower Lga Inc

Analysis

Empower Lga Inc is a registered charity in United States, based in Canton, MA. It received its IRS tax-exemption ruling in November 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Empower Lga Inc reported income of $20.0m and spending of $18.3m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $14.4m to $20.0m (+39%), an average of +6.8% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Empower Lga Inc 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 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Village Community School ($20.0m), Spelman College Special Ventures Fund Inc ($20.0m) and Beta Foundation ($19.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $480k (2.6% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $13.4m against liabilities of $5.5m, net assets of $7.9m. It reported 270 employees.