The Center for Teen Empowerment Inc

Analysis

The Center for Teen Empowerment Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1992, 34 years ago. 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, The Center for Teen Empowerment Inc reported income of $4.5m and spending of $3.4m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $4.5m (+113%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Center for Teen Empowerment Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Luther Manor Association ($4.5m), P F Bresee Foundation ($4.5m) and Prevent Child Abuse California ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 0.7% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $3.1m against liabilities of $673k, net assets of $2.5m. It reported 207 employees.