Embrace Families Foundation Inc

Analysis

Embrace Families Foundation Inc is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in October 2015, 11 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, Embrace Families Foundation Inc reported income of $1.4m and spending of $1.2m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $827k to $1.4m (+65%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 51%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Embrace Families Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Impact 100 Pensacola Bay Area Inc ($1.4m), New Bremen Foundation Inc ($1.4m) and United Way of Lincoln and Lancaster County Foundation ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 52% of the total. At year end it held assets of $3.1m against liabilities of $2.4m, net assets of $735k.