Emerson Umbrella Inc

Analysis

Emerson Umbrella Inc is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in November 1982, 44 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Emerson Umbrella Inc reported income of $3.2m and spending of $4.7m, spending 148% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.5m to $3.2m (+26%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 218%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Emerson Umbrella Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include University Press of Mississippi Inc ($3.2m), Inner City Youth Orchestra of Los Angeles Incorporated ($3.2m) and Beaverton Arts Foundation Inc ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 63% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $27.1m against liabilities of $3.7m, net assets of $23.4m. It reported 48 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.