Center for Employment Opportunities Inc

Analysis

Center for Employment Opportunities Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover employment, 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 June 2023, Center for Employment Opportunities Inc reported income of $101.9m and spending of $100.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $58.7m to $101.9m (+73%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 48%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center for Employment Opportunities Inc sits at the 100th 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 99th percentile within NY. Charities of a similar size with the same main cause include Goodwill Industries of Middle Tennessee Inc ($100.3m), Common Counsel Foundation ($102.1m) and National Association for the Exchange of Industrial Resources I ($99.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $1.9m (1.9% of expenses). Other salaries and wages came to $59.0m. At year end it held assets of $53.1m against liabilities of $22.3m, net assets of $30.8m. It reported 9,051 employees.