Empath-Stratum Inc

Analysis

Empath-Stratum Inc is a registered charity in United States, based in Lakewood Ranch, FL. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Empath-Stratum Inc reported income of $41.3m and spending of $53.5m, spending 130% of what it took in. The sharpest change came in the year to September 2023, when income rose by 602404%. Over the whole period it spent 133% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Empath-Stratum Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Carleton Willard Homes Inc ($41.2m), Friends Homes Inc ($41.3m) and Volunteers of America Care Facilities ($41.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. At year end it held assets of $406.1m against liabilities of $24.4m, net assets of $381.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.