Embassy Cultural Center Foundation Inc

Analysis

Embassy Cultural Center Foundation Inc is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2021, Embassy Cultural Center Foundation Inc reported income of $618k and spending of $646k, spending 104% of its income. Across the 4 years on record, from December 2018 to December 2021, income grew from $570k to $618k (+8.5%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 130% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Embassy Cultural Center Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Through the Trees Corp ($618k), Womens Council on African American Affairs ($618k) and Arg Cultivators Community ($618k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 83% and program service revenue 13% of the total. Other salaries and wages came to $56k. At year end it held assets of $9.7m against liabilities of $2.8m, net assets of $6.8m. It reported 7 employees.

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.