Center for Vocational Rehabilitation Inc

Analysis

Center for Vocational Rehabilitation Inc is a registered charity in United States, based in Eatontown, NJ. It received its IRS tax-exemption ruling in November 1957, 69 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 March 2023, Center for Vocational Rehabilitation Inc reported income of $3.9m and spending of $3.6m, spending 93% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $3.9m to $3.9m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to March 2022, when income rose by 58%. 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, Center for Vocational Rehabilitation Inc sits at the 91st 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 92nd percentile within NJ. Charities of a similar size with the same main cause include Long Beach Nonprofit Partnership ($3.9m), National Association of Free and Charitable Clinics Inc ($3.9m) and Phinney Neighborhood Association ($3.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 50% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $272k (7.5% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $4.3m against liabilities of $1.0m, net assets of $3.2m. It reported 205 employees.