Charting Careers Inc

Analysis

Charting Careers Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Charting Careers Inc reported income of $499k and spending of $465k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $64k to $499k (+675%), an average of +98% a year. The sharpest change came in the year to June 2021, when income rose by 302%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Charting Careers Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Heartford House Inc ($499k), Neurostrong Wellness and Fitness Inc ($499k) and North American Intercollegiate Dairy Challenge Inc ($499k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (21% of expenses). Other salaries and wages came to $211k. At year end it held assets of $181k against liabilities of $16k, net assets of $165k. It reported 17 employees.