Emerge 125 Inc

Analysis

Emerge 125 Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1982, 44 years ago. 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 June 2023, Emerge 125 Inc reported income of $1.1m and spending of $696k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $360k to $1.1m (+205%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 71%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Emerge 125 Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Regis Catholic Schools Foundation Inc ($1.1m), Tuckahoe Sports Inc ($1.1m) and Dupage Mayors & Managers Conference Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $73k (11% of expenses). Other salaries and wages came to $284k. At year end it held assets of $532k against liabilities of $51k, net assets of $481k. It reported 20 employees.