The Center for Empowerment and Education Inc

Analysis

The Center for Empowerment and Education Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in August 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Center for Empowerment and Education Inc reported income of $2.8m and spending of $2.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2024, income grew from $2.6m to $2.8m (+8.6%), an average of +2.1% a year. The sharpest change came in the year to June 2020, when income rose by 54%. Over the whole period it spent 85% 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 Empowerment and Education Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include David Emanuel Academy Inc ($2.8m), Eastern Arizona College Foundation ($2.8m) and Clayton Medical Research Foundation Inc ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 0.2% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $6.8m against liabilities of $369k, net assets of $6.5m. It reported 51 employees.