Placement Solutions Inc

Analysis

Placement Solutions Inc is a registered charity in United States, based in New PRT Rchy, FL. It received its IRS tax-exemption ruling in October 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Placement Solutions Inc reported income of $269k and spending of $276k, spending 103% of its income. Across the 5 years on record, from December 2018 to December 2022, income fell from $392k to $269k (-32%), an average of -9.0% a year. The sharpest change came in the year to December 2021, when income dropped by 31%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Placement Solutions Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Highland Community Builders Inc ($269k), Friends of River Valley ($269k) and Three Rivers Sheltered Industries Inc ($269k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (33% of expenses). Other salaries and wages came to $14k. At year end it held assets of $256k against liabilities of $0, net assets of $256k. It reported 9 employees.