Vocational Improvement Program Inc

Analysis

Vocational Improvement Program Inc is a registered charity in United States, based in Rancho Cucamonga, CA. It received its IRS tax-exemption ruling in November 1986, 40 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 December 2023, Vocational Improvement Program Inc reported income of $20.6m and spending of $19.8m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.5m to $20.6m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vocational Improvement Program Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Chautauqua Opportunities Inc ($20.4m), Parking Facilities Corporation ($20.6m) and Prosperity Now ($20.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $692k (3.5% of expenses). Other salaries and wages came to $13.2m. At year end it held assets of $13.5m against liabilities of $2.4m, net assets of $11.1m. It reported 776 employees.