Equip and Empower Ministries Inc

Analysis

Equip and Empower Ministries Inc is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2021, Equip and Empower Ministries Inc reported income of $1.4m and spending of $1.5m, spending 108% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $2.0m to $1.4m (-29%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Equip and Empower Ministries Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Hindu Educational and Cultural Society of America Corp ($1.4m), Roxbury Holiness Camp Inc ($1.4m) and Christ Reaching Asia Mission Worldwide Inc ($1.4m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 92% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $184k (12% of expenses). Other salaries and wages came to $541k. At year end it held assets of $658k against liabilities of $362k, net assets of $296k. It reported 15 employees.