Emerge Enterprises Inc

Analysis

Emerge Enterprises Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 1971, 55 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Emerge Enterprises Inc reported income of $2.5m and spending of $1.7m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.5m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2022, when income rose by 436%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Emerge Enterprises Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Pa Treatment & Healing ($2.5m), Communities in Schools Laredo Inc ($2.5m) and Runway Root Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. Other salaries and wages came to $618k. At year end it held assets of $4.4m against liabilities of $1.3m, net assets of $3.0m. It reported 86 employees.