Specialized Employment Services Inc

Analysis

Specialized Employment Services Inc is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in June 2001, 25 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 December 2023, Specialized Employment Services Inc reported income of $492k and spending of $416k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $462k to $492k (+6.5%), an average of +1.6% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Specialized Employment Services Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include The Knights Community Hospital Equipment Lend Program Services ($492k), Cedar Riverside Neighborhood Revitalization Program ($492k) and Rotary Club of Houston Foundation ($492k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $81k (19% of expenses). Other salaries and wages came to $193k. At year end it held assets of $325k against liabilities of $12k, net assets of $314k. It reported 42 employees.