Business Employment Skills Team Inc

Analysis

Business Employment Skills Team Inc is a registered charity in United States, based in Peru, IL. It received its IRS tax-exemption ruling in February 1985, 41 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 2024, Business Employment Skills Team Inc reported income of $3.6m and spending of $3.5m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.3m to $3.6m (+7.6%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Business Employment Skills Team Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Chicago Federation of Labor Workforce and Community Initiative ($3.5m), P33 ($3.6m) and Polk Community Development Corporation ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $83k (2.3% of expenses). Other salaries and wages came to $925k. At year end it held assets of $414k against liabilities of $362k, net assets of $52k. It reported 65 employees.