Emmas Torch Ltd

Analysis

Emmas Torch Ltd is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Emmas Torch Ltd reported income of $3.4m and spending of $4.2m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.4m (+72%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 241%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Emmas Torch Ltd sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Boys & Girls Club Thrift Store of Detroit Lakes ($3.4m), Okanogan County Transportation & Nutrition ($3.4m) and United Territories of Pacific Islanders Washington-Utopia Wa ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 29% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $6.2m against liabilities of $1.3m, net assets of $4.9m. It reported 206 employees.