Empirical Resolution Inc

Analysis

Empirical Resolution Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Empirical Resolution Inc reported income of $4.4m and spending of $5.0m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $4.4m (+7.4%), an average of +1.8% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Empirical Resolution Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Granite Education Foundation Inc ($4.4m), Piedmont Educational Foundation ($4.4m) and Childhood Development Services Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $1.1m (21% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $8.8m against liabilities of $976k, net assets of $7.9m.