Peckham Vocational Industries Inc

Analysis

Peckham Vocational Industries Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in October 1980, 46 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 September 2023, Peckham Vocational Industries Inc reported income of $273.7m and spending of $269.2m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $243.5m to $273.7m (+12%), an average of +3.0% a year. 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, Peckham Vocational Industries Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MI. Charities of a similar size with the same main cause include Community and Economic Development Association of Cook County Inc ($262.5m), Fidelity Non-Profit Management Foundation ($279.6m) and Goodwill Industries of the Columbia Willamette ($211.2m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.2m (0.5% of expenses). Other salaries and wages came to $110.8m. At year end it held assets of $222.4m against liabilities of $41.4m, net assets of $181.1m. It reported 3,817 employees.