Eb Foundation Inc

Analysis

Eb Foundation Inc is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eb Foundation Inc reported income of $753k and spending of $734k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $699k to $753k (+7.8%), an average of +1.9% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Eb Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include New Haven Innovation Labs Inc ($753k), Yuba Sutter Economic Development Corporation ($755k) and Living Harvest Inc ($753k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $37k (5.1% of expenses). Other salaries and wages came to $326k. At year end it held assets of $360k against liabilities of $862, net assets of $359k. It reported 53 employees.