Careersource Palm Beach County Inc

Analysis

Careersource Palm Beach County Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in June 1998, 28 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 June 2023, Careersource Palm Beach County Inc reported income of $13.8m and spending of $13.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.9m to $13.8m (-7.4%), an average of -1.9% a year. 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 Palm Beach County 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 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Goodwill Industries of N Georgia Inc ($13.8m), United Association Apprenticeship & Journeymen Training Trust Fund ($13.8m) and Downtown Streets Inc ($13.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $5.9m against liabilities of $4.5m, net assets of $1.4m.