Employment Solutions Inc

Analysis

Employment Solutions Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in June 1984, 42 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, Employment Solutions Inc reported income of $23.4m and spending of $20.4m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.0m to $23.4m (+113%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 30%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Employment Solutions Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within KY. Charities of a similar size with the same main cause include Kentucky River Foothills Development Council Inc ($23.2m), Network Inc ($23.4m) and Embarras River Basin Agency Inc ($23.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $260k (1.3% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $18.6m against liabilities of $4.1m, net assets of $14.5m. It reported 393 employees.