Vocational Services Inc

Analysis

Vocational Services Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in July 1980, 46 years ago. 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 Services Inc reported income of $1.2m and spending of $426k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.2m (-37%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vocational Services Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include God City Housing Development Fund Company Inc ($1.2m), Plumbers and Steam Fitters Union Local 10 Apprenticeship Fund ($1.2m) and Hemophilia of Indiana Inc ($1.2m).

Other salaries and wages came to $52k. At year end it held assets of $3.4m against liabilities of $127k, net assets of $3.2m. It reported 126 employees.