Edmarc Inc

Analysis

Edmarc Inc is a registered charity in United States, based in Portsmouth, VA. It received its IRS tax-exemption ruling in October 1979, 47 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Edmarc Inc reported income of $4.4m and spending of $1.9m, leaving 57% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $4.4m (+203%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 169%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Edmarc Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Tensas Community Health Center Inc ($4.4m), Auction Napa Valley ($4.4m) and Saje ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $174k (9.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $4.7m against liabilities of $371k, net assets of $4.3m. It reported 19 employees.