Columbia Empowerment Zone Inc

Analysis

Columbia Empowerment Zone Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in October 2008, 18 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 June 2023, Columbia Empowerment Zone Inc reported income of $5.7m and spending of $799k, leaving 86% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $464k to $5.7m (+1140%), an average of +88% a year. The sharpest change came in the year to June 2023, when income rose by 791%. Over the whole period it spent 36% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Columbia Empowerment Zone Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Sacramento Area Electrical Workers Joint Apprenticeship & Training TR ($5.7m), Hester Street Collaborative Inc ($5.7m) and Plumbers Local Union No 1 Trade & Education Fund ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.2% of the total. Other salaries and wages came to $399k. At year end it held assets of $13.2m against liabilities of $1.6m, net assets of $11.6m.