Emerge Community Development

Analysis

Emerge Community Development is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 1976, 50 years ago. 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 Community Development reported income of $6.7m and spending of $7.0m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $6.7m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Emerge Community Development sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Employment Connection ($6.7m), Bayview Foundation Inc ($6.7m) and Pradera Corporation ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $350k (5.0% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $6.5m against liabilities of $1.2m, net assets of $5.3m. It reported 139 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.