The Foundation for Community Empowerment

Analysis

The Foundation for Community Empowerment is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Foundation for Community Empowerment reported income of $290k and spending of $657k, spending 226% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $870k to $290k (-67%), an average of -24% a year. The sharpest change came in the year to December 2023, when income rose by 1973%. Over the whole period it spent 45% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Foundation for Community Empowerment sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Joe & Mary Leary TR Uw 053194 ($290k), Otto B Schoepfle Charitable Trust 4749 ($291k) and Hope Lutheran Foundation ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $9,000 (1.4% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.