Emerald South Economic Development Collaborative

Analysis

Emerald South Economic Development Collaborative is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2021, 5 years ago. 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 South Economic Development Collaborative reported income of $3.2m and spending of $2.6m, spending 82% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $350k to $3.2m (+816%), an average of +56% a year. The sharpest change came in the year to December 2021, when income rose by 188%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Emerald South Economic Development Collaborative sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Schaeffer Academy ($3.2m), Amor Ministries Inc ($3.2m) and Star Choices Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $219k (8.3% of expenses). At year end it held assets of $3.0m against liabilities of $29k, net assets of $3.0m. It reported 5 employees.