Embrace Change Corp

Analysis

Embrace Change Corp is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in November 2018, 8 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, Embrace Change Corp reported income of $517k and spending of $592k, spending 114% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $358k to $517k (+45%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Embrace Change Corp 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 71st percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Xquisite ($517k), Scotts Bluff County Agriculture ($517k) and Greater Bennington Interfaith Community Services Inc ($517k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $353k (60% of expenses). Other salaries and wages came to $108k. At year end it held assets of $25k against liabilities of $44k, net assets of -$18k. It reported 69 employees.