Emerald of the Sea International

Analysis

Emerald of the Sea International is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Emerald of the Sea International reported income of $134k and spending of $137k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $134k (+119%), an average of +120% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Emerald of the Sea International sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Legacy Leadership Association ($134k), Highlands Mission Cooperative ($134k) and Womenary Inc ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.