Center for Financial Empowerment

Analysis

Center for Financial Empowerment is a registered charity in United States, based in Irwindale, CA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Center for Financial Empowerment reported income of $376k and spending of $377k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $376k (+83%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center for Financial Empowerment sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include London Bridge Child Care Center Inc ($376k), Chalfonte Foundation ($376k) and Living Environmental Foundation Inc ($376k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $250k. It paid $4,925 in professional fundraising fees. At year end it held assets of $317k against liabilities of $55k, net assets of $261k. It reported 2 employees.