Emerald Foundation

Analysis

Emerald Foundation is a registered charity in United States, based in Leola, PA. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 June 2023, Emerald Foundation reported income of $687k and spending of $977k, spending 142% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $756k to $687k (-9.1%), an average of -2.4% a year. The sharpest change came in the year to June 2022, when income rose by 95%. Over the whole period it spent 126% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Emerald Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Hearts & Homes for Youth Foundation Inc ($686k), Santa Cruz County Fairgrounds Foundation ($687k) and Painters and Allied Trades for Childrens Hope Foundation ($686k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $126k. At year end it held assets of $1.5m against liabilities of $2.3m, net assets of -$722k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.