Empower College Prep

Analysis

Empower College Prep is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Empower College Prep reported income of $17.8m and spending of $14.0m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.1m to $17.8m (+149%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Empower College Prep sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within AZ. Charities of a similar size with the same main cause include Jumpstart for Young Children Inc ($17.8m), Metro Schools ($17.8m) and Pathway Inc ($17.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $272k (1.9% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $23.2m against liabilities of $15.8m, net assets of $7.4m. It reported 186 employees.