Empowerment Inc

Analysis

Empowerment Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in October 1996, 30 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 2022, Empowerment Inc reported income of $1.5m and spending of $1.0m, leaving 30% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.2m to $1.5m (+22%), an average of +7.0% a year. The sharpest change came in the year to December 2020, when income rose by 15%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Empowerment Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Fairhill Partners ($1.5m), Issara Institute Inc ($1.5m) and Young Mens Christian Association of Lawton Oklahoma ($1.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 51% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $95k (9.1% of expenses). Other salaries and wages came to $217k. At year end it held assets of $5.8m against liabilities of $1.6m, net assets of $4.3m. It reported 16 employees.