Financial Empowerment Network
Public records show a registered, tax-exempt organization in good standing.
What it says it does
VISION WE ENVISION COMMUNITIES WHERE LOW- AND MODERATE-INCOME INDIVIDUALS AND FAMILIES ARE ABLE TO ACHIEVE FINANCIAL WELL-BEING.MISSION WE ADVANCE FINANCIAL EMPOWERMENT THROUGH PARTNERSHIPS THAT SUPPORT ACCESS TO AFFORDABLE, EFFECTIVE, AND RELEVANT SERVICES, AND OTHER RESOURCES.OUR PROCESS WE SERVE AS A LIAISON AND BROKER TO CREATE CONNECTIONS, DISSEMINATE EVIDENCE-BASED AND PROMISING PRACTICES, AND BRING RESOURCES TO NETWORK OF PROVIDERS IN ORDER TO INTEGRATE FINANCIAL EMPOWERMENT INTO OTHER SERVICES INCLUDING ANTI-POVERTY STRATEGIES.
- Income
- $465,476
- Spending
- $663,251
- Spent on programs
- 82%
- Reserves
- 5.8 months of spending
- Largest source of income
- donations and private grants, 98%
- Employees
- 5
- Highest pay
- $98,808, executive dir.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 55 out of 100. Higher than 18% of charities in its peer group (public benefit, $250k to $1m).
Reserves
20 of 35Spendable reserves would cover 5.8 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
0 of 15Spending exceeded income by 42% of income.
Income trend
0 of 15Income fell 28% on the year before.
Spending floor
15 of 1582% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 84 out of 100. Higher than 70% of charities in its peer group (public benefit, $250k to $1m).
Independent board
25 of 2510 of 10 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $331,295 spent. Financial Empowerment Integration: Lead a statewide network of financial wellness providers and participating organizations to promote the integration of financial empowerment into other service systems through professional development workshops, convenings or partner organizations and staff, trainings and technical assistance for partner organizations, and provision of accurate and relevant tools and resources via our website.
- $120,876 spent. Bank On: Lead the statewide Bank On Washington initiative to connect un and under-banked individuals to safe, affordable, and accessible financial products and services. Also lead the local Bank On Seattle/King County initiative.
- $89,795 spent. Asset Building Coalition: WABC is the lead in Washington State for promoting policies, programs and strategies for helping low-income individuals and communities build assets that will provide them with an economic foundation to thrive. WABC serves as the convener of local asset-building coalitions across Washington state, facilitating convenings of the ABC leads and supporting advocacy work to promote financial wellness legislation in Washington. Also lead the local King County ABC, the Financial Empowerment Providers Network, to better connect nonprofit and financial service providers, identify gaps in services, and collaborate in problem solving.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2018.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.