Emmanuel Music Inc

Analysis

Emmanuel Music Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Emmanuel Music Inc reported income of $1.1m and spending of $1.4m, spending 126% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $791k to $1.1m (+40%), an average of +8.7% a year. The sharpest change came in the year to August 2020, when income rose by 30%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Emmanuel Music Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Shelby County United Fund Inc ($1.1m), Illinois Scottish Rite Fund ($1.1m) and Westmoreland Fayette Historical Society ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 95% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $101k (7.2% of expenses). Other salaries and wages came to $854k. At year end it held assets of $619k against liabilities of $480, net assets of $619k. It reported 163 employees.