Empire 8

Analysis

Empire 8 is a registered charity in United States, based in Hilton, NY. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Empire 8 reported income of $468k and spending of $443k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $343k to $468k (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Empire 8 sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Maimonides Heritage Center Ltd ($468k), River Management Society ($468k) and Ramah Darom Foundation Inc ($468k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $167k (38% of expenses). Other salaries and wages came to $68k. At year end it held assets of $139k against liabilities of $0, net assets of $139k. It reported 3 employees.