Jobs for Life Inc

Analysis

Jobs for Life Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 2000, 26 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, Jobs for Life Inc reported income of $347k and spending of $419k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $644k to $347k (-46%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 113% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jobs for Life Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Marshall County Retired Senior Volunteer Program Incorporated ($347k), WV Coalition for Technology-Based Economic Development Inc ($347k) and Eastern Market Development Corporation ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 19% of the total. Other salaries and wages came to $178k. At year end it held assets of $42k against liabilities of $101k, net assets of -$59k. It reported 3 employees.