Central Minnesota Jobs and Training Services Inc

Analysis

Central Minnesota Jobs and Training Services Inc is a registered charity in United States, based in Monticello, MN. It received its IRS tax-exemption ruling in October 1985, 41 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 June 2023, Central Minnesota Jobs and Training Services Inc reported income of $7.0m and spending of $7.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $7.0m (+26%), an average of +5.9% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Minnesota Jobs and Training Services Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Area Agency on Aging for Lincolnland Inc ($7.0m), International School in Genoa ($7.0m) and Coalition for the Homeless Inc ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $387k (5.5% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $3.6m against liabilities of $3.6m, net assets of $7,860. It reported 215 employees.