Emgage Foundation Inc

Analysis

Emgage Foundation Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Emgage Foundation Inc reported income of $4.9m and spending of $3.0m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $4.9m (+330%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 109%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Emgage Foundation 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 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Mental Health America of Colorado ($4.9m), Fresno Community Development Financial Institution ($4.9m) and Ottawa Friendship House Work Activity Center Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $694k (23% of expenses). Other salaries and wages came to $943k. At year end it held assets of $4.0m against liabilities of $179k, net assets of $3.8m. It reported 27 employees.