Empower4lifemd Inc

Analysis

Empower4lifemd Inc is a registered charity in United States, based in Fallston, MD. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Empower4lifemd Inc reported income of $121k and spending of $152k, spending 126% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $179k to $121k (-32%), an average of -7.6% a year. The sharpest change came in the year to December 2021, when income rose by 123%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Empower4lifemd Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within MD. Charities of a similar size with the same main cause include Summit Ice Hockey Association Inc ($121k), Alcoa City Schools Foundation Inc ($121k) and Mexico Public Library ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $24k (16% of expenses). At year end it held assets of $155k against liabilities of $0, net assets of $155k.