Emerald Bay Benevolence Foundation

Analysis

Emerald Bay Benevolence Foundation is a registered charity in United States, based in Bullard, TX. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Emerald Bay Benevolence Foundation reported income of $69k and spending of $76k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $69k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Emerald Bay Benevolence Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include The Bridge - for Community Services ($69k), Lambs Christian Academy ($69k) and Families with a Future ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.