Emmaus Homes Inc

Analysis

Emmaus Homes Inc is a registered charity in United States, based in Saint Charles, MO. It received its IRS tax-exemption ruling in July 1952, 74 years ago. 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 June 2023, Emmaus Homes Inc reported income of $32.1m and spending of $35.0m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.5m to $32.1m (+1.9%), an average of +0.5% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Emmaus Homes Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MO. Charities of a similar size with the same main cause include Crown College ($32.1m), CHMC Cardiovascular Surgical Foundation Incorporated ($32.2m) and Dr Stanley and Pearl Goodman JFS of Broward County Inc ($32.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $419k (1.2% of expenses). Other salaries and wages came to $25.6m. At year end it held assets of $38.0m against liabilities of $3.6m, net assets of $34.5m. It reported 856 employees.