Employment Enterprises Inc

Analysis

Employment Enterprises Inc is a registered charity in United States, based in Little Falls, MN. It received its IRS tax-exemption ruling in February 1974, 52 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, Employment Enterprises Inc reported income of $3.6m and spending of $3.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.6m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Employment Enterprises 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 89th percentile within MN. Charities of a similar size with the same main cause include City Heights Community Development Corporation ($3.6m), Community Capacity Development Inc ($3.6m) and Stadium Corporation ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $87k (2.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $4.2m against liabilities of $426k, net assets of $3.8m. It reported 155 employees.