Ebc Cares Inc

Analysis

Ebc Cares Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 2022, 4 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, Ebc Cares Inc reported income of $1.1m and spending of $961k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $912k to $1.1m (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ebc Cares Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Reach for the Top Inc ($1.1m), Michael Phelps Foundation ($1.1m) and Flemington Area Food Pantry Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $117k. At year end it held assets of $374k against liabilities of $5,477, net assets of $368k.