Empower Her Network Inc

Analysis

Empower Her Network Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Empower Her Network Inc reported income of $1.3m and spending of $1.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $481k to $1.3m (+161%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Empower Her Network Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Hope of Ogle County ($1.3m), Work-Family Resource Center Inc ($1.3m) and Immigration Legal Services of Long Island ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $159k (13% of expenses). Other salaries and wages came to $238k. At year end it held assets of $723k against liabilities of $8,712, net assets of $714k. It reported 13 employees.