Institute for Career Advancement Needs Inc

Analysis

Institute for Career Advancement Needs Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in October 1982, 44 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 July 2023, Institute for Career Advancement Needs Inc reported income of $2.1m and spending of $2.0m, spending 94% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $2.2m to $2.1m (-2.0%), an average of -0.5% a year. 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, Institute for Career Advancement Needs Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within NE. Charities of a similar size with the same main cause include Mentor Rhode Island - the Ri Mentoring Partnership Inc ($2.1m), Envision Community Services ($2.1m) and Cooper Park Development Company ($2.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $181k (9.0% of expenses). Other salaries and wages came to $440k. At year end it held assets of $671k against liabilities of $93k, net assets of $579k. It reported 9 employees.