Empowered to Change Inc

Analysis

Empowered to Change Inc is a registered charity in United States, based in Largo, FL. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Empowered to Change Inc reported income of $1.2m and spending of $1.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $875k to $1.2m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Empowered to Change Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Lutheran Ministries of Mercy Inc ($1.2m), Ridgecrest at Richfield ($1.2m) and Rancho Meridian Mobilehome Park Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $294k (24% of expenses). Other salaries and wages came to $230k. At year end it held assets of $401k against liabilities of $233, net assets of $401k.