Embarc Inc

Analysis

Embarc Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 June 2023, Embarc Inc reported income of $5.9m and spending of $4.1m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $5.9m (+140%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 71% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Embarc Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Founding Forward ($5.9m), Siff ($5.9m) and Donation Center Foundation of Rhode Island ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $419k (10% of expenses). At year end it held assets of $6.3m against liabilities of $93k, net assets of $6.2m. It reported 38 employees.