Small Business Empowerment Center

Analysis

Small Business Empowerment Center is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, 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, Small Business Empowerment Center reported income of $2.5m and spending of $1.4m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $338k to $2.5m (+652%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 179%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Small Business Empowerment Center sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MO. Charities of a similar size with the same main cause include Philadelphia Chinatown Development Corp Chinatown Community Park ($2.5m), All Raise ($2.5m) and Communities in Schools Laredo Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $205k (14% of expenses). Other salaries and wages came to $486k. At year end it held assets of $1.8m against liabilities of $109k, net assets of $1.7m. It reported 12 employees.