Emerge Inc

Analysis

Emerge Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in January 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Emerge Inc reported income of $51.6m and spending of $41.2m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.0m to $51.6m (+47%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Emerge Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Living Resources Corp ($51.6m), Cypress Cove at Healthpark Florida Inc ($51.6m) and Chicago Commons Association ($51.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $146k (0.4% of expenses). Other salaries and wages came to $28.1m. At year end it held assets of $49.9m against liabilities of $24.8m, net assets of $25.1m. It reported 615 employees.