Cultural Empowerment Organization

Analysis

Cultural Empowerment Organization is a registered charity in United States, based in Randolph, MA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Cultural Empowerment Organization reported income of $71k and spending of $73k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $71k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural Empowerment Organization sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include The Friends of the New York State Military Museum ($71k), Flossmoor Foundation for History and Arts Inc ($71k) and General Pulaski Memorial Parade Committee Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,357 against liabilities of $0, net assets of $3,357.