Ohio Empowerment Centers Inc

Analysis

Ohio Empowerment Centers Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in January 2001, 25 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, Ohio Empowerment Centers Inc reported income of $283k and spending of $274k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $728k to $283k (-61%), an average of -21% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ohio Empowerment Centers Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Grace Christian Academy of Pulaski Inc ($283k), Normal Park Museum Magnet Education Fund ($283k) and Solar Toledo Neighborhood Foundation ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $75k (27% of expenses). Other salaries and wages came to $31k. At year end it held assets of $600k against liabilities of $1,094, net assets of $599k. It reported 2 employees.