Bmore Empowered Inc

Analysis

Bmore Empowered Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 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 December 2023, Bmore Empowered Inc reported income of $802k and spending of $1.0m, spending 128% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $242k to $802k (+232%), an average of +49% a year. The sharpest change came in the year to December 2021, when income rose by 296%. Over the whole period it spent 89% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Bmore Empowered Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Trenton Civil Circus Project Inc ($802k), Open Connections Inc ($802k) and Megan Meier Foundation ($801k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $72k (7.0% of expenses). Other salaries and wages came to $99k. At year end it held assets of $274k against liabilities of $2,054, net assets of $272k. It reported 3 employees.