Empower Work Inc

Analysis

Empower Work Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover employment, 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, Empower Work Inc reported income of $1.1m and spending of $1.5m, spending 130% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $758k to $1.1m (+52%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 114%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Empower Work Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Urban Scholastic Center ($1.1m), Wichita Electrical Industry Training Fund Board Inc ($1.1m) and Connecticut Project Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $151k (10% of expenses). Other salaries and wages came to $553k. It paid $32k in professional fundraising fees. At year end it held assets of $178k against liabilities of $15k, net assets of $163k. It reported 9 employees.