Empower Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 108,766 | 76,210 | 32,556 | 69.3 | — |
| 2012 | 465,739 | 185,223 | 280,516 | 46.7 | 0% |
| 2013 | 845,519 | 405,903 | 439,616 | 34.9 | 0% |
| 2014 | 1,586,988 | 565,522 | 1,021,466 | 46.7 | 0% |
| 2015 | 1,169,110 | 951,459 | 217,651 | 30.5 | 0% |
| 2016 | 1,479,963 | 1,690,801 | −210,838 | 15.7 | 0% |
| 2017 | 1,557,197 | 1,324,680 | 232,517 | 22.1 | 0% |
| 2018 | 829,514 | 591,397 | 238,117 | 50.7 | 0% |
| 2020 | 997,099 | 409,713 | 587,386 | 91.2 | 51% |
| 2021 | 539,401 | 597,558 | −58,157 | 64.4 | 26% |
| 2022 | 613,933 | 690,590 | −76,657 | 31.1 | 27% |
| 2023 | 698,666 | 632,073 | 66,593 | 38.8 | 25% |
In its most recent public year (2023), this organization brought in $66,593 more than it spent. Its reserves stood at about 38.8 months of spending, down from 69.3 in 2011. Staff pay was 25% of spending. $671,343 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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