U Empower of Maryland Inc

Analysis

U Empower of Maryland Inc is a registered charity in United States, based in Severna Park, MD. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, U Empower of Maryland Inc reported income of $584k and spending of $680k, spending 117% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $328k to $584k (+78%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, U Empower of Maryland Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Filantropia Puerto Rico Inc ($584k), Crossroads at Antigua Foundation ($585k) and Programa de Ayuda Humanitaria Para Venezuela ($584k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $65k (9.6% of expenses). Other salaries and wages came to $182k. At year end it held assets of $21k against liabilities of $712, net assets of $20k. It reported 38 employees.