Employment Development Services Inc

Analysis

Employment Development Services Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in April 1991, 35 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, Employment Development Services Inc reported income of $8.3m and spending of $8.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.2m to $8.3m (+0.9%), an average of +0.2% 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, Employment Development Services Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within LA. Charities of a similar size with the same main cause include Rochesterworks Inc ($8.3m), Pinellas Public Library Cooperative Inc ($8.3m) and The Center for Kentucky Rural Economic Development Inc ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $97k (1.2% of expenses). Other salaries and wages came to $269k. At year end it held assets of $1.7m against liabilities of $372k, net assets of $1.3m. It reported 7 employees.