Empower 7 Inc

Analysis

Empower 7 Inc is a registered charity in United States, based in Rockwall, TX. It received its IRS tax-exemption ruling in February 2019, 7 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 (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 7 Inc reported income of $130k and spending of $96k, leaving 26% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $137k to $130k (-4.7%), an average of -2.4% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 54% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Empower 7 Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Color Outside the Lines ($130k), Youth N Motion Academy Incorporated ($130k) and Social Sabby Sponsorships Inc ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. Compensation of current officers, directors and key employees was $36k (37% of expenses). At year end it held assets of $196k against liabilities of $0, net assets of $196k.