Emerging Markets Development Corporation

Analysis

Emerging Markets Development Corporation is a registered charity in United States, based in Palm Desert, CA. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Emerging Markets Development Corporation reported income of $1.2m and spending of $420k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $275k to $1.2m (+324%), an average of +44% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Emerging Markets Development Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Quaboag Valley Community Development Corporation ($1.2m), Dekalb County Community Gardens NFP ($1.2m) and Jobs with Justice San Francisco Bay Area ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $773k against liabilities of $0, net assets of $773k.