Emerge Gallery Art Center

Analysis

Emerge Gallery Art Center is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Gallery Art Center reported income of $1.0m and spending of $974k, spending 95% of its income. Across the 6 years on record, from July 2019 to June 2024, income grew from $521k to $1.0m (+97%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Emerge Gallery Art Center sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include US Term Limits Foundation ($1.0m), Omca Town Square Inc ($1.0m) and Utah Coalition Against Sexual Assault ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $72k (7.4% of expenses). Other salaries and wages came to $195k. At year end it held assets of $831k against liabilities of $356k, net assets of $475k. It reported 8 employees.