Empowering the Ages Inc

Analysis

Empowering the Ages Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in November 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 June 2024, Empowering the Ages Inc reported income of $289k and spending of $282k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2024, income grew from $231k to $289k (+25%), an average of +7.9% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Empowering the Ages Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Breitling Performing Arts ($289k), Conejo Valley Little League Inc ($289k) and Watching Hills Baseball & Softball Inc ($289k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $115k (41% of expenses). Other salaries and wages came to $99k. At year end it held assets of $96k against liabilities of $16k, net assets of $80k. It reported 4 employees.