Empowerment Factory

Analysis

Empowerment Factory is a registered charity in United States, based in Pawtucket, RI. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Empowerment Factory reported income of $263k and spending of $249k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $275k to $263k (-4.4%), an average of -1.5% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Empowerment Factory sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 55th percentile within RI. Charities of a similar size with the same main cause include 26 2 Foundation Inc ($263k), Lewisville High School Bandboosters ($263k) and Flint Area Sheet Metal Joint Appren Ticeship Fund ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $44k (18% of expenses). Other salaries and wages came to $109k. It paid $180 in professional fundraising fees. At year end it held assets of $183k against liabilities of $4,609, net assets of $178k. It reported 14 employees.