African American Empowerment Network Inc

Analysis

African American Empowerment Network Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, African American Empowerment Network Inc reported income of $2.4m and spending of $2.8m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $2.4m (-39%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 103%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, African American Empowerment Network Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within NE. Charities of a similar size with the same main cause include Yeshiva Gedola of the Midwest ($2.4m), Bristol Community College Foundati on Inc ($2.4m) and Community Improvement Council ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $120k (4.2% of expenses). Other salaries and wages came to $866k. At year end it held assets of $2.2m against liabilities of $86k, net assets of $2.1m. It reported 140 employees.