Brooklyn Emerge Inc

Analysis

Brooklyn Emerge Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2020, 6 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, Brooklyn Emerge Inc reported income of $605k and spending of $479k, leaving 21% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $347k to $605k (+74%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brooklyn Emerge Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Group Homes for Children Inc ($605k), Lake Country Caring Incorporated ($605k) and Via Community ($605k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $155k (32% of expenses). Other salaries and wages came to $87k. At year end it held assets of $184k against liabilities of $184k, net assets of $0.