Emit USA Inc

Analysis

Emit USA Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in October 1994, 32 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, Emit USA Inc reported income of $930k and spending of $843k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $620k to $930k (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Emit USA Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include Love of Christ Foundation Inc ($930k), Great Commandments Ministries ($930k) and Hindu Temple and Cultural Center of Orangeburg South Carolina ($930k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $49k (5.8% of expenses). Other salaries and wages came to $35k. At year end it held assets of $185k against liabilities of $134k, net assets of $51k. It reported 3 employees.