Collegiate Empowerment Company Inc

Analysis

Collegiate Empowerment Company Inc is a registered charity in United States, based in Easton, PA. It received its IRS tax-exemption ruling in March 1999, 27 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 December 2023, Collegiate Empowerment Company Inc reported income of $504k and spending of $540k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $378k to $504k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Collegiate Empowerment Company Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include American Friends of Sulamot Corp ($504k), Skilled Nursing Development Institute Inc ($504k) and Foothills Christian School ($504k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $28k (5.2% of expenses). At year end it held assets of $303k against liabilities of $408k, net assets of -$104k. It reported 2 employees.