Career Nexus

Analysis

Career Nexus is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in December 2021, 5 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, Career Nexus reported income of $1.1m and spending of $930k, spending 85% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.3m to $1.1m (-14%), an average of -7.5% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Career Nexus sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Junior League of Nashville Inc ($1.1m), Siren-Eaton Shelter Inc ($1.1m) and Mesa-Outreach Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $347k (37% of expenses). Other salaries and wages came to $351k. At year end it held assets of $1.1m against liabilities of $96k, net assets of $991k. It reported 121 employees.