Keystone Vocational Services Inc

Analysis

Keystone Vocational Services Inc is a registered charity in United States, based in Hermitage, PA. It received its IRS tax-exemption ruling in November 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Keystone Vocational Services Inc reported income of $4.4m and spending of $3.6m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.5m to $4.4m (-21%), an average of -5.6% a year. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Keystone Vocational Services Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Fifth Ward Community Redevelopment ($4.4m), Goodwill Industrial Services of Fort Worth Inc ($4.4m) and Center for Community Stewardship Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 76% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $4.9m against liabilities of $351k, net assets of $4.5m. It reported 47 employees.