Emerald Foundation Inc

Analysis

Emerald Foundation Inc is a registered charity in United States, based in Paducah, KY. It received its IRS tax-exemption ruling in May 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 June 2023, Emerald Foundation Inc reported income of $501k and spending of $422k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $290k to $501k (+73%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Emerald Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within KY. Charities of a similar size with the same main cause include Beloit Meals-On-Wheels Inc ($500k), Pearl Battered Womens Resource Center ($501k) and Not on My Watch Inc ($500k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $124k (29% of expenses). Other salaries and wages came to $247k. At year end it held assets of $105k against liabilities of $8,288, net assets of $97k. It reported 7 employees.