Empowered Minds Academy

Analysis

Empowered Minds Academy is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Empowered Minds Academy reported income of $133k and spending of $140k, spending 106% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $233k to $133k (-43%), an average of -43% a year. The sharpest change came in the year to June 2023, when income dropped by 43%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Empowered Minds Academy sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NC. Charities of a similar size with the same main cause include Field Elementary PTO ($133k), Northampton County Education Foundation Inc ($133k) and Forum of Christian Business Leaders Inc ($133k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 41% of the total. At year end it held assets of $84k against liabilities of $12k, net assets of $73k.