Employu Inc

Analysis

Employu Inc is a registered charity in United States, based in Winter SPGS, FL. It received its IRS tax-exemption ruling in March 2012, 14 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, Employu Inc reported income of $9.6m and spending of $10.0m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.6m to $9.6m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 21%. 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, Employu Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Luzerne-Schuykill County Workforce Investment Board ($9.6m), Alliance for African Assistance ($9.6m) and North Central Community Action Program Inc ($9.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $344k (3.4% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $6.8m against liabilities of $1.8m, net assets of $5.0m. It reported 1,076 employees.