Towards Employment Incorporated
EIN: 341578831 · Cleveland, OH · NTEE: J200
| Metric | Value |
|---|---|
| Total Revenue | $9.6M |
| Total Expenses | $6.3M |
| Net Assets | $5.3M |
Is Towards Employment Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Towards Employment Incorporated
Towards Employment Incorporated (EIN: 341578831) is a nonprofit organization based in Cleveland, OH, classified under NTEE code J200. The organization reported total revenue of $9.6M and total assets of $8.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Towards Employment Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Towards Employment Incorporated is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $6.3M |
| Surplus / Deficit | $-10,433 |
| Total Assets | $6.8M |
| Total Liabilities | $1.5M |
| Net Assets | $5.3M |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 21.7% |
| Months of Reserves | 13.0 months |
Financial Health Grade: B
In 2023, Towards Employment Incorporated reported a deficit of $10K with expenses exceeding revenue, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 21.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Towards Employment Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.6% | +5.3% | -3.1% |
| 2022 | -6.7% | +12.2% | +47.5% |
| 2021 | +26.3% | +9.4% | +32.9% |
| 2020 | +10.4% | -5.3% | +50.5% |
| 2019 | +1.0% | +2.5% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Towards Employment Incorporated has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Towards Employment Incorporated with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.7%.
Frequently Asked Questions about Towards Employment Incorporated
Is Towards Employment Incorporated a legitimate charity?
Towards Employment Incorporated (EIN: 341578831) is a registered tax-exempt nonprofit based in Ohio. It has 13 years of IRS 990 filings on record. Total revenue: $9.6M. No red flags identified. Financial health grade: B.
How does Towards Employment Incorporated spend its money?
Towards Employment Incorporated reported $9.6M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Towards Employment Incorporated tax-deductible?
Towards Employment Incorporated is registered as a tax-exempt nonprofit (EIN: 341578831). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Towards Employment Incorporated located?
Towards Employment Incorporated is headquartered in Cleveland, Ohio and files with the IRS under EIN 341578831. It is classified under NTEE code J200.
How many years of IRS 990 filings does Towards Employment Incorporated have?
Towards Employment Incorporated has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9.6M in total revenue.
Filing History
IRS 990 filing history for Towards Employment Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Towards Employment Incorporated's revenue has grown by 105%, moving from $3.1M to $6.3M. Total assets increased by 227% over the same period, from $2.1M to $6.8M. Total functional expenses rose by 108.3%, from $3.0M to $6.3M. In its most recent filing year (2023), Towards Employment Incorporated reported a deficit of $10K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $6.8M in assets (debt-to-asset ratio: 21.7%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $6.3M | $6.8M | $1.5M | — | — |
| 2022 | $6.8M | $6.0M | $7.0M | $1.7M | — | View 990 |
| 2021 | $7.3M | $5.3M | $4.8M | $245K | — | View 990 |
| 2020 | $5.8M | $4.9M | $3.6M | $1.1M | — | View 990 |
| 2019 | $5.2M | $5.2M | $2.4M | $809K | — | View 990 |
| 2018 | $5.2M | $5.0M | $2.4M | $928K | — | View 990 |
| 2017 | $5.4M | $5.6M | $2.4M | $995K | — | View 990 |
| 2016 | $5.7M | $5.6M | $3.4M | $635K | — | View 990 |
| 2015 | $5.0M | $4.1M | $3.3M | $666K | — | View 990 |
| 2014 | $3.2M | $3.1M | $2.0M | $134K | — | View 990 |
| 2013 | $3.4M | $3.6M | $1.8M | $72K | — | View 990 |
| 2012 | $3.4M | $3.6M | $2.0M | $217K | — | View 990 |
| 2011 | $3.1M | $3.0M | $2.1M | $88K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $6.3M, and assets of $6.8M (revenue -7.6% year-over-year).
- 2022: Revenue of $6.8M, expenses of $6.0M, and assets of $7.0M (revenue -6.7% year-over-year).
- 2021: Revenue of $7.3M, expenses of $5.3M, and assets of $4.8M (revenue +26.3% year-over-year).
- 2020: Revenue of $5.8M, expenses of $4.9M, and assets of $3.6M (revenue +10.4% year-over-year).
- 2019: Revenue of $5.2M, expenses of $5.2M, and assets of $2.4M (revenue +1.0% year-over-year).
- 2018: Revenue of $5.2M, expenses of $5.0M, and assets of $2.4M (revenue -3.3% year-over-year).
- 2017: Revenue of $5.4M, expenses of $5.6M, and assets of $2.4M (revenue -5.5% year-over-year).
- 2016: Revenue of $5.7M, expenses of $5.6M, and assets of $3.4M (revenue +13.4% year-over-year).
- 2015: Revenue of $5.0M, expenses of $4.1M, and assets of $3.3M (revenue +56.5% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.1M, and assets of $2.0M (revenue -6.7% year-over-year).
- 2013: Revenue of $3.4M, expenses of $3.6M, and assets of $1.8M (revenue +1.7% year-over-year).
- 2012: Revenue of $3.4M, expenses of $3.6M, and assets of $2.0M (revenue +9.7% year-over-year).
- 2011: Revenue of $3.1M, expenses of $3.0M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Towards Employment Incorporated:
Data Sources and Methodology
This transparency report for Towards Employment Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.