Mpower Inc

Analysis

Mpower Inc is a registered charity in United States, based in Stillwater, OK. It received its IRS tax-exemption ruling in June 1971, 55 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Mpower Inc reported income of $4.0m and spending of $4.1m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.4m to $4.0m (+68%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 34%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mpower Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within OK. Charities of a similar size with the same main cause include Kindred Futures Inc ($4.0m), Waikiki Business Improvement District Association ($4.0m) and Technology Entrepreneur Center Inc ($4.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.1% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $75k (1.8% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $1.8m against liabilities of $425k, net assets of $1.4m. It reported 182 employees.