Nicholas County Empowerment Corporation Inc

Analysis

Nicholas County Empowerment Corporation Inc is a registered charity in United States, based in Richwood, WV. It received its IRS tax-exemption ruling in April 2023, 3 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 June 2023, Nicholas County Empowerment Corporation Inc reported income of $2.8m and spending of $2.5m, spending 92% of its income. Across the 5 years on record, from June 2017 to June 2023, income grew from $847k to $2.8m (+225%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 90%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nicholas County Empowerment Corporation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within WV. Charities of a similar size with the same main cause include Ursuline Support Services ($2.8m), Domestic Violence Center of Chester County ($2.8m) and Empowerhouse ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $67k (2.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $679k against liabilities of $20k, net assets of $659k. It reported 100 employees.