Friends of Career Solutions

Analysis

Friends of Career Solutions is a registered charity in United States, based in Saint Cloud, MN. It received its IRS tax-exemption ruling in November 2017, 9 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, Friends of Career Solutions reported income of $334k and spending of $372k, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $258k to $334k (+29%), an average of +9.0% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Career Solutions sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include HTP Homes Inc ($334k), Jobs with Justice Education Fund ($334k) and Seafood Harvesters of America Education Fund ($334k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $160k. At year end it held assets of $228k against liabilities of $59k, net assets of $169k.