Emmanuel Terrace Inc

Analysis

Emmanuel Terrace Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in March 1975, 51 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Emmanuel Terrace Inc reported income of $389k and spending of $353k, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $205k to $389k (+89%), an average of +17% a year. The sharpest change came in the year to September 2020, when income rose by 49%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Emmanuel Terrace Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include St Croix Family Resource Center ($388k), Regional Housing Network of Massachusetts Inc ($389k) and West Klickitat Community Housing ($388k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $169k. At year end it held assets of $887k against liabilities of $155k, net assets of $732k. It reported 3 employees.