Emancipation Economic Development Council

Analysis

Emancipation Economic Development Council is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Emancipation Economic Development Council reported income of $892k and spending of $352k, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $347k to $892k (+157%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 392%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Emancipation Economic Development Council sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include I Can Living and Learning Center Inc ($892k), Spare Key ($892k) and Broadway Developement Corp ($892k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $93k (26% of expenses). Other salaries and wages came to $88k. At year end it held assets of $676k against liabilities of $820, net assets of $675k. It reported 4 employees.