Carver-Hennepin Options for Innovative Community Employment

Analysis

Carver-Hennepin Options for Innovative Community Employment is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in February 1972, 54 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, Carver-Hennepin Options for Innovative Community Employment reported income of $4.3m and spending of $3.7m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $4.3m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Carver-Hennepin Options for Innovative Community Employment sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Foundation for Puerto Rico Inc ($4.3m), University District Service Fund ($4.3m) and Picpa Foundation for Education and Research ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 93% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $5.3m against liabilities of $1.3m, net assets of $4.0m. It reported 126 employees.