Eblen Charities

Analysis

Eblen Charities is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in August 1992, 34 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 December 2022, Eblen Charities reported income of $6.0m and spending of $5.7m, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $4.9m to $6.0m (+24%), an average of +7.5% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eblen Charities sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Biomedical Research Institute ($6.0m), District XI Human Resource Council Inc ($6.0m) and St Francis Center ($6.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 84% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $76k (1.3% of expenses). Other salaries and wages came to $511k. At year end it held assets of $6.8m against liabilities of $1.6m, net assets of $5.2m. It reported 20 employees.