Empowering Minds Together Inc
EIN: 262467101 · Owings Mills, MD · NTEE: P33
Is Empowering Minds Together Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Empowering Minds Together Inc
Empowering Minds Together Inc (EIN: 262467101) is a nonprofit organization based in Owings Mills, MD, classified under NTEE code P33. The organization reported total revenue of $645K and total assets of $619K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Empowering Minds Together Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Empowering Minds Together Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Empowering Minds Together Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Frequently Asked Questions about Empowering Minds Together Inc
Is Empowering Minds Together Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Empowering Minds Together Inc (EIN: 262467101) insufficient data. 0 red flags identified, 0 strengths noted.
How does Empowering Minds Together Inc spend its money?
Detailed spending breakdown data is not yet available for Empowering Minds Together Inc. Check back for updated IRS 990 analysis.
Are donations to Empowering Minds Together Inc tax-deductible?
Empowering Minds Together Inc is registered as a tax-exempt nonprofit (EIN: 262467101). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Empowering Minds Together Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Empowering Minds Together Inc's revenue has grown by 661%, moving from $96K to $731K. Total assets increased by 60944.9% over the same period, from $929 to $567K. Total functional expenses rose by 394.2%, from $146K to $722K. In its most recent filing year (2023), Empowering Minds Together Inc reported a surplus of $9K, with revenue exceeding expenses. The organization holds $487K in liabilities against $567K in assets (debt-to-asset ratio: 85.9%), resulting in net assets of $80K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $731K | $722K | $567K | $487K | — | — |
| 2022 | $337K | $458K | $572K | $499K | — | View 990 |
| 2021 | $800K | $772K | $694K | $500K | — | View 990 |
| 2020 | $580K | $541K | $230K | $200K | — | View 990 |
| 2019 | $285K | $267K | $260K | $241K | — | View 990 |
| 2018 | $332K | $329K | $220K | $217K | — | View 990 |
| 2017 | $220K | $201K | $1 | $0 | — | View 990 |
| 2016 | $37K | $66K | $1 | $0 | — | View 990 |
| 2015 | $6K | $46K | $1 | $0 | — | View 990 |
| 2014 | $126K | $177K | $2K | $101K | — | View 990 |
| 2013 | $96K | $146K | $929 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $731K, expenses of $722K, and assets of $567K (revenue +116.9% year-over-year).
- 2022: Revenue of $337K, expenses of $458K, and assets of $572K (revenue -57.9% year-over-year).
- 2021: Revenue of $800K, expenses of $772K, and assets of $694K (revenue +38.0% year-over-year).
- 2020: Revenue of $580K, expenses of $541K, and assets of $230K (revenue +103.2% year-over-year).
- 2019: Revenue of $285K, expenses of $267K, and assets of $260K (revenue -14.0% year-over-year).
- 2018: Revenue of $332K, expenses of $329K, and assets of $220K (revenue +50.8% year-over-year).
- 2017: Revenue of $220K, expenses of $201K, and assets of $1 (revenue +493.0% year-over-year).
- 2016: Revenue of $37K, expenses of $66K, and assets of $1 (revenue +521.8% year-over-year).
- 2015: Revenue of $6K, expenses of $46K, and assets of $1 (revenue -95.3% year-over-year).
- 2014: Revenue of $126K, expenses of $177K, and assets of $2K (revenue +31.4% year-over-year).
- 2013: Revenue of $96K, expenses of $146K, and assets of $929.
Data Sources and Methodology
This transparency report for Empowering Minds Together Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.