Empowerment Academy Inc

Analysis

Empowerment Academy Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in April 2015, 11 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, Empowerment Academy Inc reported income of $599k and spending of $8,276, leaving 99% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $310k to $599k (+94%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 1.0% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Empowerment Academy Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within KY. Charities of a similar size with the same main cause include Lifeway Programs Inc ($599k), Senior Community Center of Owensboro-Daviess County Inc ($599k) and Guided Pathways - Support for Youth and Families ($599k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.