Emergence Dance Theatre

Analysis

Emergence Dance Theatre is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1986, 40 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 July 2023, Emergence Dance Theatre reported income of $143k and spending of $135k, spending 95% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $120k to $143k (+19%), an average of +4.5% a year. The sharpest change came in the year to July 2022, when income rose by 145%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Emergence Dance Theatre 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 46th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Engineers Foundation of Kansas ($143k), Chews Volunteer Fire Company No 1 ($143k) and Eayikes Inc ($143k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $3,461 (2.6% of expenses). At year end it held assets of $767k against liabilities of $2,324, net assets of $764k.