Empower Mississippi Foundation

Analysis

Empower Mississippi Foundation is a registered charity in United States, based in Ridgeland, MS. 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 (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, Empower Mississippi Foundation reported income of $1.9m and spending of $1.5m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $711k to $1.9m (+165%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Empower Mississippi Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within MS. Charities of a similar size with the same main cause include Casa de Amigos of Midland Texas Incorporated ($1.9m), Darke County Young Mens Christian Association ($1.9m) and My Sisters House Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $219k (15% of expenses). Other salaries and wages came to $632k. At year end it held assets of $1.7m against liabilities of $238k, net assets of $1.4m.