Emerge Inc

Analysis

Emerge Inc is a registered charity in United States, based in Stratford, CT. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover food, agriculture and nutrition, 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 June 2024, Emerge Inc reported income of $171k and spending of $209k, spending 122% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $230k to $171k (-26%), an average of -7.2% a year. The sharpest change came in the year to June 2022, when income rose by 97%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Emerge Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within CT. Charities of a similar size with the same main cause include Desens House Inc ($170k), Legacymakers ($171k) and Upper Cumberland Electric Membership Corporation Ucemc Cares ($170k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $90k (43% of expenses). Other salaries and wages came to $6,660. At year end it held assets of $566k against liabilities of $3,441, net assets of $563k. It reported 3 employees.