Careercatchers Inc

Analysis

Careercatchers Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in August 2009, 17 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, Careercatchers Inc reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $258k to $1.2m (+374%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 123%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Careercatchers 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 81st percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Dress for Success Cincinnati ($1.2m), Encourage BC ($1.2m) and Office of Job Training Program Jefferson Franklin Counties Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $152k (14% of expenses). Other salaries and wages came to $553k. At year end it held assets of $431k against liabilities of $142k, net assets of $290k. It reported 9 employees.