Hire360

Analysis

Hire360 is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2020, 6 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, Hire360 reported income of $6.8m and spending of $4.3m, leaving 37% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $5.8m to $6.8m (+19%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 58% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hire360 sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Watauga Opportunities Inc ($6.8m), Brightbridge Inc ($6.8m) and Oasis Center Inc ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $189k (4.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $6.7m against liabilities of $1.3m, net assets of $5.3m. It reported 34 employees.