Government Training Services Inc

Analysis

Government Training Services Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 2006, 20 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, Government Training Services Inc reported income of $885k and spending of $1.1m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $957k to $885k (-7.5%), an average of -1.9% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Government Training Services Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Contentment Place Communcities Corporation ($885k), Bridging Virginia Inc ($885k) and Studer Community Institute Inc ($885k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $108k (9.9% of expenses). Other salaries and wages came to $488k. At year end it held assets of $587k against liabilities of $321k, net assets of $265k. It reported 10 employees.