Emilys Place Inc

Analysis

Emilys Place Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Emilys Place Inc reported income of $5.5m and spending of $1.8m, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to September 2023, income grew from $1.4m to $5.5m (+305%), an average of +42% a year. The sharpest change came in the year to September 2021, when income rose by 180%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Emilys Place Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Ascencia ($5.5m), Housing for Health Orange County Inc ($5.5m) and Saca Development Corporation ($5.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $87k (5.0% of expenses). Other salaries and wages came to $743k. At year end it held assets of $9.3m against liabilities of $622k, net assets of $8.6m. It reported 26 employees.