Empower Tennessee

Analysis

Empower Tennessee is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in September 1995, 31 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 2024, Empower Tennessee reported income of $495k and spending of $468k, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $644k to $495k (-23%), an average of -5.1% a year. The sharpest change came in the year to June 2022, when income dropped by 46%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Empower Tennessee sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include Stepping Stones ($495k), Marys Mantle ($495k) and Adoption Advocates Inc ($495k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $87k (19% of expenses). Other salaries and wages came to $185k. At year end it held assets of $73k against liabilities of $123k, net assets of -$49k. It reported 7 employees.