Rio Grande Valley Empowerment Zone Corporation

Analysis

Rio Grande Valley Empowerment Zone Corporation is a registered charity in United States, based in MC Allen, TX. It received its IRS tax-exemption ruling in December 1996, 30 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 December 2023, Rio Grande Valley Empowerment Zone Corporation reported income of $838k and spending of $879k, spending 105% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $2.0m to $838k (-59%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 42%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rio Grande Valley Empowerment Zone Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Support After Abortion Inc ($836k), Delaware River City Corporation ($838k) and Gateway Industries Inc ($836k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $453k against liabilities of $34k, net assets of $418k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.