Job Training & Employment Corp

Analysis

Job Training & Employment Corp is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in May 1986, 40 years ago. 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 2024, Job Training & Employment Corp reported income of $3.9m and spending of $3.8m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.7m to $3.9m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Job Training & Employment Corp sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($3.9m), The West Cook Ymcas Inc ($3.9m) and University of Virginia Engineering Foundation Inc ($3.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $174k (4.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $4.7m against liabilities of $1.9m, net assets of $2.8m. It reported 36 employees.