Wabash Area Vocational Enterprises Inc

Analysis

Wabash Area Vocational Enterprises Inc is a registered charity in United States, based in Mount Carmel, IL. It received its IRS tax-exemption ruling in July 1975, 51 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, Wabash Area Vocational Enterprises Inc reported income of $907k and spending of $964k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $907k (-24%), an average of -8.8% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wabash Area Vocational Enterprises Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Nashville Youth Hockey League Inc ($907k), The Wellbeing Partners ($907k) and Advocacy 31nine ($906k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Other salaries and wages came to $579k. At year end it held assets of $2.0m against liabilities of $34k, net assets of $1.9m. It reported 53 employees.