Employee Ownership Expansion Network

Analysis

Employee Ownership Expansion Network is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in July 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, Employee Ownership Expansion Network reported income of $653k and spending of $866k, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $317k to $653k (+106%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 68%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Employee Ownership Expansion Network sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Green Mountain Childrens Center ($652k), Commonwise Education Inc ($653k) and Exponential Impact ($652k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $161k (19% of expenses). Other salaries and wages came to $176k. It paid $45k in professional fundraising fees. At year end it held assets of $253k against liabilities of $388k, net assets of -$135k. It reported 4 employees.