Jobs Plus Inc

Analysis

Jobs Plus Inc is a registered charity in United States, based in Waseca, MN. It received its IRS tax-exemption ruling in April 1966, 60 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jobs Plus Inc reported income of $2.2m and spending of $2.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.2m (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jobs Plus Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Heavens Helpers ($2.2m), The Reach Institute Resource for Advancing Childrens Health ($2.2m) and No Greater Sacrifice Foundation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $180k (8.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.5m against liabilities of $227k, net assets of $1.3m. It reported 106 employees.