Empowers Africa Inc

Analysis

Empowers Africa Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Empowers Africa Inc reported income of $9.2m and spending of $7.8m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $9.2m (+108%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 433%. Over the whole period it spent 88% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Empowers Africa Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Yeshivas Chasidei Belz-Belz Institutions in Israel ($9.1m), Neverthirst Inc ($9.2m) and Ploughshares Fund Inc ($9.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $100k (1.3% of expenses). At year end it held assets of $1.9m against liabilities of $500k, net assets of $1.4m. It reported 1 employees.