Occupational Development Center Inc

Analysis

Occupational Development Center Inc is a registered charity in United States, based in Bemidji, MN. It received its IRS tax-exemption ruling in July 1972, 54 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, Occupational Development Center Inc reported income of $2.2m and spending of $1.9m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $2.2m (-22%), an average of -6.1% a year. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Occupational Development Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Forward Careers Inc ($2.2m), Arkansas Research Alliance ($2.2m) and Rutherford Lifeservices Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $280k (15% of expenses). Other salaries and wages came to $527k. At year end it held assets of $9.9m against liabilities of $601k, net assets of $9.3m. It reported 159 employees.