Employment Development Inc

Analysis

Employment Development Inc is a registered charity in United States, based in E Liverpool, OH. It received its IRS tax-exemption ruling in March 1973, 53 years ago. 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 December 2023, Employment Development Inc reported income of $2.7m and spending of $2.8m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $2.7m (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Employment Development Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Family Crisis Center ($2.7m), Center for Healing and Hope ($2.7m) and Schenectady Inner City Ministry ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $2.8m against liabilities of $88k, net assets of $2.7m. It reported 158 employees.