Empowerment Academy Charter School Inc

Analysis

Empowerment Academy Charter School Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Empowerment Academy Charter School Inc reported income of $26.5m and spending of $23.9m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $26.5m (+267%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Empowerment Academy Charter School Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Baldwin School ($26.5m), Valor Texas Education Foundation ($26.5m) and National Association of Secondary -School Principals ($26.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Other salaries and wages came to $11.3m. At year end it held assets of $9.4m against liabilities of $1.2m, net assets of $8.1m. It reported 281 employees.