Climb Hire Inc

Analysis

Climb Hire Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in November 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 December 2023, Climb Hire Inc reported income of $9.5m and spending of $5.8m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2020 to December 2023, income grew from $2.0m to $9.5m (+370%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 282%. Over the whole period it spent 55% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Climb Hire Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include New Durham Corporation ($9.5m), Pittsburgh Downtown Partnership ($9.5m) and Kent-Sussex Industries Inc ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $447k (7.7% of expenses). Other salaries and wages came to $2.1m. It paid $4,813 in professional fundraising fees. At year end it held assets of $11.5m against liabilities of $241k, net assets of $11.2m. It reported 31 employees.