Employment Source Inc

Analysis

Employment Source Inc is a registered charity in United States, based in Oakton, VA. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Employment Source Inc reported income of $20.0m and spending of $20.6m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $17.8m to $20.0m (+12%), an average of +3.9% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Employment Source Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Northwest Louisiana Food Bank ($19.9m), Pickersgill Inc ($20.0m) and Saint Antoine Residence ($19.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $268k (1.3% of expenses). Other salaries and wages came to $10.6m. At year end it held assets of $11.1m against liabilities of $1.1m, net assets of $10.0m. It reported 481 employees.