Empower Charter School

Analysis

Empower Charter School is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Empower Charter School reported income of $2.9m and spending of $2.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.9m (+53%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Empower Charter School sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include English Learners Success Forum ($2.9m), National Mental Health Corps Inc ($2.9m) and Middleburg Community Charter School ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $304k (10% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.0m against liabilities of $948k, net assets of $86k. It reported 39 employees.