Economic Empowerment Center

Analysis

Economic Empowerment Center is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Economic Empowerment Center reported income of $2.3m and spending of $913k, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.3m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2020, when income rose by 479%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Economic Empowerment Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within NE. Charities of a similar size with the same main cause include Grand Rapids Urban League Inc ($2.3m), Vine Village Inc ($2.3m) and Cambodian Family ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $198k (22% of expenses). Other salaries and wages came to $301k. At year end it held assets of $5.6m against liabilities of $110k, net assets of $5.5m. It reported 10 employees.