H I R E D

Analysis

H I R E D is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 1969, 57 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 June 2024, H I R E D reported income of $15.1m and spending of $12.4m, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $10.5m to $15.1m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2024, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, H I R E D sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Bayaud Enterprises Inc ($15.1m), Hope House Foundation Inc ($15.1m) and Independent Drivers Guild Inc ($15.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $403k (3.2% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $6.3m against liabilities of $2.0m, net assets of $4.2m. It reported 227 employees.