Empower the Veterans Inc

Analysis

Empower the Veterans Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 the Veterans Inc reported income of $156k and spending of $153k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $32k to $156k (+388%), an average of +388% a year. The sharpest change came in the year to December 2023, when income rose by 388%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Empower the Veterans Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within OK. Charities of a similar size with the same main cause include Tustin Community Pre School Inc ($156k), Tourism Council of Bullock County ($156k) and Maryland Lawyers for the Arts Inc ($156k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $23k against liabilities of $6,200, net assets of $17k.