Emite Inc

Analysis

Emite Inc is a registered charity in United States, based in Belmont, NC. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Emite Inc reported income of $323k and spending of $388k, spending 120% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $295k to $323k (+9.4%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Emite Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Ci Foundation Inc ($323k), Gonzales County Senior Citizens Association Inc ($323k) and World Outreach Services ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Other salaries and wages came to $59k. At year end it held assets of $193k against liabilities of $1,896, net assets of $191k. It reported 1 employees.