Career Gear Inc

Analysis

Career Gear Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2000, 26 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 December 2019, Career Gear Inc reported income of $392k and spending of $317k, spending 81% of its income. Across the 2 years on record, from December 2018 to December 2019, income grew from $277k to $392k (+41%), an average of +41% a year. The sharpest change came in the year to December 2019, when income rose by 41%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Career Gear Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Starfish Greathearts Foundation USA ($392k), Community Lunch on Capitol Hill ($392k) and Chapin Memorial Home for Aged Blind ($392k).

On its Form 990 for the period ending December 2019, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $117k. At year end it held assets of $91k against liabilities of $50k, net assets of $41k. It reported 2 employees.