Great Lakes Training & Development Corp

Analysis

Great Lakes Training & Development Corp is a registered charity in United States, based in Manitowoc, WI. It received its IRS tax-exemption ruling in August 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 June 2023, Great Lakes Training & Development Corp reported income of $1.1m and spending of $1.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.1m (-35%), an average of -10% a year. The sharpest change came in the year to June 2020, when income dropped by 34%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Great Lakes Training & Development Corp sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within WI. Charities of a similar size with the same main cause include Malama Huleia ($1.1m), Bridge II Pathways Inc ($1.1m) and Paco Community Development Corporation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 27% of the total. Other salaries and wages came to $408k. At year end it held assets of $5.6m against liabilities of $115k, net assets of $5.5m. It reported 9 employees.