Employ Prince Georges

Analysis

Employ Prince Georges is a registered charity in United States, based in Largo, MD. It received its IRS tax-exemption ruling in February 2019, 7 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, Employ Prince Georges reported income of $18.2m and spending of $18.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.4m to $18.2m (+76%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 115%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Employ Prince Georges sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Community Housing Network Inc ($18.2m), Colorado Enterprise Fund Inc ($18.3m) and Cedar Street Charitable Foundation Inc ($18.1m).

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 $939k (5.1% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $8.1m against liabilities of $5.7m, net assets of $2.3m. It reported 156 employees.