Hbcu Career Development Marketplace Inc

Analysis

Hbcu Career Development Marketplace Inc is a registered charity in United States, based in Clarksville, MD. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2021, Hbcu Career Development Marketplace Inc reported income of $433k and spending of $542k, spending 125% of what it took in. Across the 4 years on record, from December 2018 to December 2021, income grew from $174k to $433k (+149%), an average of +36% a year. The sharpest change came in the year to December 2019, when income rose by 95%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hbcu Career Development Marketplace Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MD. Charities of a similar size with the same main cause include Kennedy Family Foundation Inc ($433k), Chicago Dental Society Foundation ($434k) and Dress for Success Tampa Bay Inc ($433k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $356k. At year end it held assets of $28k against liabilities of $54k, net assets of -$26k.