Labor Mobility Partnerships Inc

Analysis

Labor Mobility Partnerships Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Labor Mobility Partnerships Inc reported income of $2.8m and spending of $2.5m, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $876k to $2.8m (+218%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Labor Mobility Partnerships Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 72nd percentile within DC. Charities of a similar size with the same main cause include New Life Treatment Center ($2.8m), St Louis Gymnastic Centre ($2.8m) and Concordville Fire and Protectiveassociation ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $406k (16% of expenses). Other salaries and wages came to $764k. At year end it held assets of $3.2m against liabilities of $396k, net assets of $2.8m. It reported 9 employees.