Empowering Minds Together Inc

Analysis

Empowering Minds Together Inc is a registered charity in United States, based in Owings Mills, MD. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Empowering Minds Together Inc reported income of $731k and spending of $722k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $285k to $731k (+156%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Empowering Minds Together Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Illinois Ibew Renewable Energy Fund Inc ($731k), Glean Kentucky Inc ($731k) and Arizona Anti-Trafficking Network ($731k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $567k against liabilities of $487k, net assets of $80k.