Enrich and Employ Inc

Analysis

Enrich and Employ Inc is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in September 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Enrich and Employ Inc reported income of $480k and spending of $412k, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $501k to $480k (-4.2%), an average of -1.1% a year. The sharpest change came in the year to September 2021, when income rose by 37%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Enrich and Employ Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include North Central Montana Economic Development District Inc ($480k), Massachusetts Parents United Inc ($480k) and Unifour One ($480k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% and program service revenue 62% of the total. Other salaries and wages came to $171k. At year end it held assets of $174k against liabilities of $12k, net assets of $162k. It reported 15 employees.