Economic Empowerment Trust Fund

Analysis

Economic Empowerment Trust Fund is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Economic Empowerment Trust Fund reported income of $915k and spending of $73k, leaving 92% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $350k to $915k (+161%), an average of +62% a year. The sharpest change came in the year to June 2023, when income rose by 601%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Economic Empowerment Trust Fund sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Global Helping to Advance Women & Children ($915k), Rio Vista Ministry Inc ($916k) and Schertz Christian Academy Inc ($915k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.