Individual Empowerment Inc

Analysis

Individual Empowerment Inc is a registered charity in United States, based in Taylor, MI. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Individual Empowerment Inc reported income of $2.4m and spending of $2.1m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $903k to $2.4m (+164%), an average of +28% a year. The sharpest change came in the year to September 2023, when income rose by 84%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Individual Empowerment Inc 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 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Community Transportation Network Inc ($2.4m), Operation Kids Inc ($2.4m) and Choices for Families Inc ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (3.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $553k against liabilities of $152k, net assets of $401k. It reported 78 employees.