Institute for Community Empowerment

Analysis

Institute for Community Empowerment is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1993, 33 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2023, Institute for Community Empowerment reported income of $284k and spending of $271k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $125k to $284k (+127%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute for Community Empowerment sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Hygienic Art Inc ($284k), Little League Baseball Inc ($284k) and Lucha Inc ($284k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 7.1% of the total. Other salaries and wages came to $129k. At year end it held assets of $319k against liabilities of $10k, net assets of $309k. It reported 14 employees.