Empower Schools Inc

Analysis

Empower Schools Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 2002, 24 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 2023, Empower Schools Inc reported income of $6.0m and spending of $5.8m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $6.0m (+94%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Empower Schools Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Sage Ridge School ($6.0m), Ball Charter Schools an Illinois Non-Profit Corporation ($6.0m) and King Center Charter School ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $978k (17% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $6.0m against liabilities of $799k, net assets of $5.2m. It reported 28 employees.