Community Empowerment Fund

Analysis

Community Empowerment Fund is a registered charity in United States, based in Carrboro, NC. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Community Empowerment Fund reported income of $1.9m and spending of $1.7m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $769k to $1.9m (+148%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Empowerment Fund 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 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Tampa Bay Wave Inc ($1.9m), Madison Electrical Joint Apprenticeship Training Trust Fund ($1.9m) and Midtown Improvement and Development Corporation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $80k (4.8% of expenses). Other salaries and wages came to $536k. At year end it held assets of $2.4m against liabilities of $387k, net assets of $2.1m. It reported 45 employees.