Empowerment Zone Coalition

Analysis

Empowerment Zone Coalition is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Empowerment Zone Coalition reported income of $653k and spending of $626k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $492k to $653k (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Empowerment Zone Coalition sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Commonwise Education Inc ($653k), Vermont Center for Emerging Technologies Inc ($654k) and Employee Ownership Expansion Network ($653k).

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 $105k (17% of expenses). Other salaries and wages came to $103k. At year end it held assets of $204k against liabilities of $69k, net assets of $136k. It reported 9 employees.