Refugee Empowerment Program
EIN: 462324706 · Memphis, TN · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Net Assets | $219K |
Is Refugee Empowerment Program Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Refugee Empowerment Program
Refugee Empowerment Program (EIN: 462324706) is a nonprofit organization based in Memphis, TN, classified under NTEE code P20. The organization reported total revenue of $1.1M and total assets of $64K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Refugee Empowerment Program's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Refugee Empowerment Program is a mid-size nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 38.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$121K |
| Total Assets | $428K |
| Total Liabilities | $209K |
| Net Assets | $219K |
| Operating Margin | 9.4% |
| Debt-to-Asset Ratio | 48.8% |
| Months of Reserves | 4.4 months |
Financial Health Grade: A
In 2023, Refugee Empowerment Program reported a surplus of $121K with revenue exceeding expenses, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 48.8% (moderate leverage).
Financial Trends
Over 5 years of filings (2019–2023), Refugee Empowerment Program's revenue has grown at a compound annual growth rate (CAGR) of 38.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.1% | +15.4% | +69.1% |
| 2022 | +25.9% | +33.6% | +77.0% |
| 2021 | +91.6% | +92.8% | +139.8% |
| 2020 | +22.3% | +7.6% | +397.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Refugee Empowerment Program 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 Refugee Empowerment Program 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $121K, with revenue exceeding expenses.
- Debt-to-asset ratio: 48.8%.
Frequently Asked Questions about Refugee Empowerment Program
Is Refugee Empowerment Program a legitimate charity?
Refugee Empowerment Program (EIN: 462324706) is a registered tax-exempt nonprofit based in Tennessee. It has 5 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: A.
How does Refugee Empowerment Program spend its money?
Refugee Empowerment Program reported $1.1M in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Refugee Empowerment Program tax-deductible?
Refugee Empowerment Program is registered as a tax-exempt nonprofit (EIN: 462324706). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Refugee Empowerment Program located?
Refugee Empowerment Program is headquartered in Memphis, Tennessee and files with the IRS under EIN 462324706. It is classified under NTEE code P20.
How many years of IRS 990 filings does Refugee Empowerment Program have?
Refugee Empowerment Program has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
Filing History
IRS 990 filing history for Refugee Empowerment Program showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Refugee Empowerment Program's revenue has grown by 269%, moving from $350K to $1.3M. Total assets increased by 3468.5% over the same period, from $12K to $428K. Total functional expenses rose by 219.8%, from $366K to $1.2M. In its most recent filing year (2023), Refugee Empowerment Program reported a surplus of $121K, with revenue exceeding expenses. The organization holds $209K in liabilities against $428K in assets (debt-to-asset ratio: 48.8%), resulting in net assets of $219K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.2M | $428K | $209K | — | View 990 |
| 2022 | $1.0M | $1.0M | $253K | $155K | — | View 990 |
| 2021 | $820K | $759K | $143K | $63K | — | View 990 |
| 2020 | $428K | $394K | $60K | $40K | — | View 990 |
| 2019 | $350K | $366K | $12K | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.2M, and assets of $428K (revenue +25.1% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.0M, and assets of $253K (revenue +25.9% year-over-year).
- 2021: Revenue of $820K, expenses of $759K, and assets of $143K (revenue +91.6% year-over-year).
- 2020: Revenue of $428K, expenses of $394K, and assets of $60K (revenue +22.3% year-over-year).
- 2019: Revenue of $350K, expenses of $366K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Refugee Empowerment Program:
Data Sources and Methodology
This transparency report for Refugee Empowerment Program 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.