Employee Connections

Analysis

Employee Connections is a registered charity in United States, based in Waukegan, IL. It received its IRS tax-exemption ruling in September 2014, 12 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, Employee Connections reported income of $1.5m and spending of $1.2m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $689k to $1.5m (+114%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Employee Connections sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Portland Streetcar Inc ($1.5m), Startupnv ($1.5m) and Community Care in Union County Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $128k (11% of expenses). Other salaries and wages came to $636k. At year end it held assets of $449k against liabilities of $7,120, net assets of $442k. It reported 131 employees.