Emerge Gallery Art Center
Emerge Gallery Art Center shows strong financial growth and asset accumulation over the past decade.
EIN: 141851844 · Greenville, NC · NTEE: A25 · Updated: 2026-03-28
Is Emerge Gallery Art Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Emerge Gallery Art Center directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Emerge Gallery Art Center
Emerge Gallery Art Center (EIN: 141851844) is a nonprofit organization based in Greenville, NC, classified under NTEE code A25. The organization reported total revenue of $862K and total assets of $707K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Emerge Gallery Art Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Emerge Gallery Art Center is a small nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $974K |
| Surplus / Deficit | +$51K |
| Total Assets | $831K |
| Total Liabilities | $356K |
| Net Assets | $475K |
| Operating Margin | 5.0% |
| Debt-to-Asset Ratio | 42.8% |
| Months of Reserves | 10.2 months |
Financial Health Grade: A
In 2024, Emerge Gallery Art Center reported a surplus of $51K with revenue exceeding expenses, holds 10.2 months of operating reserves (strong position), has a debt-to-asset ratio of 42.8% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Emerge Gallery Art Center's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +15.3% | +13.7% | +41.3% |
| 2023 | +21.9% | +40.5% | -2.3% |
| 2022 | -8.6% | -2.5% | +7.0% |
| 2021 | +70.8% | +32.4% | +83.7% |
| 2020 | -10.3% | -1.5% | +142.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Emerge Gallery Art Center with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Emerge Gallery Art Center allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $51K, with revenue exceeding expenses.
- Debt-to-asset ratio: 42.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a volunteer-led executive team or that compensation is categorized under other operational expenses. This indicates a very lean approach to executive overhead relative to the organization's growing size and revenue, which exceeded $1 million in the latest period.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Emerge Gallery Art Center's IRS 990 filings:
- Lack of detailed breakdown for program, administrative, and fundraising expenses in provided data
- Consistent 0% officer compensation could mask how leadership is truly compensated if not volunteer-based
Strengths
The following positive indicators were identified for Emerge Gallery Art Center:
- Strong and consistent revenue growth over the past decade, from $391,304 in 2015 to $1,025,210 in 2024
- Significant asset accumulation, increasing from $98,339 in 2015 to $831,466 in 2024
- Positive net income in most years, indicating sound financial management and sustainability
- Consistent filing of IRS 990s, demonstrating transparency and compliance
- Low reported executive compensation (0%), suggesting efficient use of funds at the leadership level
Frequently Asked Questions about Emerge Gallery Art Center
Is Emerge Gallery Art Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Emerge Gallery Art Center (EIN: 141851844) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Emerge Gallery Art Center spend its money?
Emerge Gallery Art Center directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Emerge Gallery Art Center tax-deductible?
Emerge Gallery Art Center is registered as a tax-exempt nonprofit (EIN: 141851844). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Emerge Gallery Art Center financially stable?
Yes, Emerge Gallery Art Center appears financially stable. Its revenue has grown significantly from $391,304 in 2015 to $1,025,210 in 2024, and assets have increased from $98,339 to $831,466 over the same period, indicating consistent growth and accumulation of resources.
How has the organization's asset base changed over time?
The organization's asset base has grown substantially, from $98,339 in 2015 to $831,466 in 2024, demonstrating strong financial health and capacity building.
What is the trend in Emerge Gallery Art Center's revenue?
Emerge Gallery Art Center has experienced a strong upward trend in revenue, increasing from $391,304 in 2015 to over $1 million in 2024, indicating successful fundraising and program expansion.
Does the organization report executive compensation?
All available IRS 990 filings consistently report 0% for officer compensation, suggesting that executive leadership may be volunteer-based or compensated through other means not categorized as officer compensation.
Are the organization's expenses managed effectively?
Generally, yes. In most years, expenses have been lower than revenue, leading to positive net income and asset growth. For example, in 2024, revenue was $1,025,210 against expenses of $974,236.
Filing History
IRS 990 filing history for Emerge Gallery Art Center showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Emerge Gallery Art Center's revenue has grown by 212.8%, moving from $328K to $1.0M. Total assets increased by 1823.1% over the same period, from $43K to $831K. Total functional expenses rose by 198.9%, from $326K to $974K. In its most recent filing year (2024), Emerge Gallery Art Center reported a surplus of $51K, with revenue exceeding expenses. The organization holds $356K in liabilities against $831K in assets (debt-to-asset ratio: 42.8%), resulting in net assets of $475K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.0M | $974K | $831K | $356K | — | View 990 |
| 2023 | $889K | $857K | $588K | $167K | — | View 990 |
| 2022 | $729K | $610K | $602K | $216K | — | View 990 |
| 2021 | $798K | $626K | $563K | $288K | — | View 990 |
| 2020 | $467K | $473K | $306K | $205K | — | View 990 |
| 2019 | $521K | $480K | $126K | $19K | — | View 990 |
| 2018 | $441K | $431K | $89K | $23K | — | View 990 |
| 2017 | $433K | $407K | $75K | $19K | — | View 990 |
| 2016 | $345K | $409K | $43K | $14K | — | View 990 |
| 2015 | $391K | $347K | $98K | $5K | — | View 990 |
| 2014 | $348K | $330K | $56K | $7K | — | View 990 |
| 2013 | $324K | $330K | $49K | $18K | — | View 990 |
| 2012 | $310K | $311K | $41K | $4K | — | View 990 |
| 2011 | $328K | $326K | $43K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.0M, expenses of $974K, and assets of $831K (revenue +15.3% year-over-year).
- 2023: Revenue of $889K, expenses of $857K, and assets of $588K (revenue +21.9% year-over-year).
- 2022: Revenue of $729K, expenses of $610K, and assets of $602K (revenue -8.6% year-over-year).
- 2021: Revenue of $798K, expenses of $626K, and assets of $563K (revenue +70.8% year-over-year).
- 2020: Revenue of $467K, expenses of $473K, and assets of $306K (revenue -10.3% year-over-year).
- 2019: Revenue of $521K, expenses of $480K, and assets of $126K (revenue +18.1% year-over-year).
- 2018: Revenue of $441K, expenses of $431K, and assets of $89K (revenue +1.9% year-over-year).
- 2017: Revenue of $433K, expenses of $407K, and assets of $75K (revenue +25.7% year-over-year).
- 2016: Revenue of $345K, expenses of $409K, and assets of $43K (revenue -11.9% year-over-year).
- 2015: Revenue of $391K, expenses of $347K, and assets of $98K (revenue +12.3% year-over-year).
- 2014: Revenue of $348K, expenses of $330K, and assets of $56K (revenue +7.4% year-over-year).
- 2013: Revenue of $324K, expenses of $330K, and assets of $49K (revenue +4.5% year-over-year).
- 2012: Revenue of $310K, expenses of $311K, and assets of $41K (revenue -5.3% year-over-year).
- 2011: Revenue of $328K, expenses of $326K, and assets of $43K.
Data Sources and Methodology
This transparency report for Emerge Gallery Art Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.