Road2hire

Analysis

Road2hire is a registered charity in United States, based in Fort Mill, SC. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Road2hire reported income of $11.5m and spending of $13.1m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $996k to $11.5m (+1059%), an average of +84% a year. The sharpest change came in the year to December 2020, when income rose by 291%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Road2hire sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Keiki O Ka Aina Preschool Inc ($11.5m), Geneva School of Manhattan ($11.5m) and Associated Students of California State University Sacramento ($11.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $7.3m. At year end it held assets of $30.9m against liabilities of $1.5m, net assets of $29.3m.