Vocational Guidance Services

Analysis

Vocational Guidance Services is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1950, 76 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 Guidance Services reported income of $5.5m and spending of $9.6m, spending 174% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.4m to $5.5m (-47%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 145% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vocational Guidance Services sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Ica Fund ($5.5m), Altoona-Blair County Development Corporation ($5.5m) and Relief Enterprise of Texas Inc ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $730k (7.6% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $23.3m against liabilities of $31.5m, net assets of -$8.2m. It reported 532 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.