Emerald Coast Foundation Inc

Analysis

Emerald Coast Foundation Inc is a registered charity in United States, based in Ft Walton BCH, FL. It received its IRS tax-exemption ruling in June 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Emerald Coast Foundation Inc reported income of $121k and spending of $132k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $117k to $121k (+3.6%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 100% 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 Coast Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include New Braunfels Lions Charities Inc ($121k), Impact100 Macomb County ($121k) and Order Sons of Itay in America Housing Development Fund Company I ($121k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 44% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.

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.