Community Vocational Services Incorporated

Analysis

Community Vocational Services Incorporated is a registered charity in United States, based in Waterford, CT. It received its IRS tax-exemption ruling in October 1994, 32 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, Community Vocational Services Incorporated reported income of $2.1m and spending of $2.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.1m (+32%), an average of +7.2% a year. 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, Community Vocational Services Incorporated sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Harbor Hall Foundation ($2.1m), Community Investment Collaborative ($2.1m) and Moline Foundation ($2.1m).

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 $106k (5.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.3m against liabilities of $1.1m, net assets of $211k. It reported 47 employees.