Mpower Approach Inc

Analysis

Mpower Approach Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Mpower Approach Inc reported income of $172k and spending of $219k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $216k to $172k (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2021, when income rose by 127%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mpower Approach Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within KY. Charities of a similar size with the same main cause include Changing Lanes Ministries Inc ($172k), Rural Addiction Prevention ($172k) and Smith-Kingsmore Syndrome Foundation ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 120% of the total. Compensation of current officers, directors and key employees was $61k (28% of expenses). At year end it held assets of $112k against liabilities of $74, net assets of $112k. It reported 3 employees.