Embroiderers Guild of America Inc

Analysis

Embroiderers Guild of America Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 1976, 50 years ago. 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 December 2023, Embroiderers Guild of America Inc reported income of $851k and spending of $911k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $668k to $851k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Embroiderers Guild of America Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within KY. Charities of a similar size with the same main cause include Samadhi Chan Monastery Happy Buddhist Association ($851k), Catholic Charities of Terre Haute ($851k) and District of Washington of the Society of St Vincent de Paul Inc ($851k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $63k (7.0% of expenses). Other salaries and wages came to $109k. At year end it held assets of $3.2m against liabilities of $283k, net assets of $2.9m. It reported 4 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.