Careersource Florida Inc

Analysis

Careersource Florida Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Careersource Florida Inc reported income of $16.5m and spending of $16.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $17.4m to $16.5m (-5.2%), an average of -1.3% a year. The sharpest change came in the year to June 2022, when income dropped by 33%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Careersource Florida 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 FL. Charities of a similar size with the same main cause include Oweesta Corporation ($16.4m), Invest Newark ($16.5m) and Vail Valley Foundation Inc ($16.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $9.1m against liabilities of $8.1m, net assets of $901k. It reported 24 employees.