Emerge Ministries Inc

Analysis

Emerge Ministries Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in September 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Emerge Ministries Inc reported income of $4.0m and spending of $3.7m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $4.0m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Emerge Ministries Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Fresh Youth Initiatives Inc ($4.0m), Autonomous Case Management of St Louis ($4.0m) and Wayne Provision ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $161k (4.3% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $1.1m against liabilities of $734k, net assets of $323k. It reported 67 employees.