Employment Resources Inc

Analysis

Employment Resources Inc is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in March 1992, 34 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, Employment Resources Inc reported income of $3.6m and spending of $3.3m, spending 90% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.5m to $3.6m (+3.1%), an average of +0.6% a year. The sharpest change came in the year to June 2021, when income rose by 54%. 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, Employment Resources Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Lower Shore Enterprises Inc ($3.6m), Hida Educational Foundation ($3.6m) and Rise Ltd ($3.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $220k (6.7% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $8.5m against liabilities of $2.7m, net assets of $5.7m. It reported 39 employees.