Jewish Vocational Service Inc

Analysis

Jewish Vocational Service Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 1960, 66 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 September 2023, Jewish Vocational Service Inc reported income of $30.3m and spending of $25.7m, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $16.6m to $30.3m (+82%), an average of +16% a year. The sharpest change came in the year to September 2023, when income rose by 49%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jewish Vocational Service Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Challenge Unlimited Inc ($30.2m), Goodwill Industries of Hawaii Inc ($30.4m) and Orc Industries Inc ($29.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $698k (2.7% of expenses). Other salaries and wages came to $13.0m. At year end it held assets of $29.7m against liabilities of $8.6m, net assets of $21.1m. It reported 296 employees.