Career Development and Placement Strategies Inc

Analysis

Career Development and Placement Strategies Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Career Development and Placement Strategies Inc reported income of $281k and spending of $384k, spending 137% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $179k to $281k (+56%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 522%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Career Development and Placement Strategies 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 60th percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Boyds Organization for Youth Development Services Inc ($281k), Faith Family Education Foundation ($281k) and Reach Academy Learning Center ($280k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $142k (37% of expenses). Other salaries and wages came to $86k. At year end it held assets of $16k against liabilities of $40k, net assets of -$24k. It reported 4 employees.