Empowerment Academy of Charlotte Inc

Analysis

Empowerment Academy of Charlotte Inc is a registered charity in United States, based in Harrisburg, NC. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Empowerment Academy of Charlotte Inc reported income of $345k and spending of $265k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $222k to $345k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Empowerment Academy of Charlotte Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Precious Present Truth Inc ($345k), Bruton Parish Church Endowment Fund Inc ($345k) and Kevin Cooley Ministries Inc ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $14k (5.2% of expenses). Other salaries and wages came to $87k. At year end it held assets of $135k against liabilities of $0, net assets of $135k. It reported 12 employees.