Human Resource Development & Employment Inc

Analysis

Human Resource Development & Employment Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in October 1978, 48 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 June 2023, Human Resource Development & Employment Inc reported income of $1.3m and spending of $851k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $655k to $1.3m (+97%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 111%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Human Resource Development & Employment Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within WV. Charities of a similar size with the same main cause include Jubilee Community Development Corporation ($1.3m), Jewish Council on Urban Affairs ($1.3m) and Hamilton County Business Center Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $110k (13% of expenses). Other salaries and wages came to $227k. At year end it held assets of $2.8m against liabilities of $625k, net assets of $2.2m. It reported 69 employees.