Training Resources of America Inc

Analysis

Training Resources of America Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in April 1975, 51 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 June 2023, Training Resources of America Inc reported income of $2.4m and spending of $2.5m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.1m to $2.4m (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2022, when income dropped by 20%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Training Resources of America Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Community Economic Development Fund Foundation Inc ($2.4m), Brownsville Think Tank Matters ($2.4m) and Programs Employing People ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $200k (7.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.5m against liabilities of $658k, net assets of $814k. It reported 64 employees.