Empire Rises Inc

Analysis

Empire Rises Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2020, 6 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 December 2023, Empire Rises Inc reported income of $50k and spending of $38k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $53k to $50k (-6.5%), an average of -6.5% a year. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Empire Rises Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Nationwide Recruits Inc ($50k), Monroe Area Youth Center ($50k) and Nurturing Potential International ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.