Advanced Employment Inc

Analysis

Advanced Employment Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in August 1992, 34 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, Advanced Employment Inc reported income of $6.5m and spending of $5.1m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $6.5m (+66%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Advanced Employment Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WI. Charities of a similar size with the same main cause include Rehabilitation and Employment Services of the East Bay ($6.5m), Oai Inc ($6.5m) and Hilltown Community Development ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $200k (3.9% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $5.1m against liabilities of $1.7m, net assets of $3.4m. It reported 156 employees.