Empower 8 Inc

Analysis

Empower 8 Inc is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Empower 8 Inc reported income of $630k and spending of $663k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $406k to $630k (+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 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Empower 8 Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Faith Community Christian School ($630k), Virginia Beach City Public Schools Education Foundation Inc ($630k) and Hills Academy Foundation ($630k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $70k (11% of expenses). Other salaries and wages came to $341k. At year end it held assets of $18k against liabilities of $0, net assets of $18k. It reported 15 employees.