Emerge Innovation Hub

Analysis

Emerge Innovation Hub is a registered charity in United States, based in Benton Harbor, MI. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Innovation Hub reported income of $145k and spending of $151k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $152k to $145k (-4.7%), an average of -4.7% a year. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Emerge Innovation Hub sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within MI. Charities of a similar size with the same main cause include Bodhana Group Incorporated ($145k), All Nations ($145k) and Rolla Regional Economic Commission ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $11k. At year end it held assets of $116k against liabilities of $6,644, net assets of $110k.