South Bend Empowerment Zone

Analysis

South Bend Empowerment Zone is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, South Bend Empowerment Zone reported income of $5.1m and spending of $4.7m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $593k to $5.1m (+752%), an average of +104% a year. The sharpest change came in the year to June 2021, when income rose by 255%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Bend Empowerment Zone sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Waldorf Association of Portland Inc ($5.1m), American Friends of Yeshivas Gedolah Matisyahu Inc ($5.1m) and Educare of West Dupage ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $187k (4.0% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $834k against liabilities of $154k, net assets of $681k. It reported 77 employees.