Empowered Minds of South Carolina

Analysis

Empowered Minds of South Carolina is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Empowered Minds of South Carolina reported income of $81k and spending of $75k, spending 92% of its income. Across the 2 years on record, from July 2020 to July 2023, income grew from $11k to $81k (+624%), an average of +624% a year. The sharpest change came in the year to July 2023, when income rose by 624%. Over the whole period it spent 82% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Empowered Minds of South Carolina sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 37th percentile within SC. Charities of a similar size with the same main cause include Livelikejohnny Foundation ($81k), New Cumberland Colts ($81k) and New Ulm United Soccer Club ($81k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 51% and program service revenue 37% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.