Empower Academy

Analysis

Empower Academy is a registered charity in United States, based in Chandler, TX. It received its IRS tax-exemption ruling in April 2022, 4 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 December 2023, Empower Academy reported income of $333k and spending of $312k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $297k to $333k (+12%), an average of +12% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Empower Academy sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Wisconsin Skyward User Group Inc ($333k), Illinois Congress of Parents Teachers ($333k) and Entertainment Safety International ($333k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $206k (66% of expenses). Other salaries and wages came to $30k. At year end it held assets of $98k against liabilities of $1,505, net assets of $97k. It reported 22 employees.