Vocational Development Center Inc

Analysis

Vocational Development Center Inc is a registered charity in United States, based in Council BLFS, IA. It received its IRS tax-exemption ruling in September 1968, 58 years ago. Its declared purposes cover community improvement and capacity building, 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, Vocational Development Center Inc reported income of $17.8m and spending of $17.3m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $16.7m to $17.8m (+6.9%), an average of +2.2% a year. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vocational Development Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IA. Charities of a similar size with the same main cause include Los Angeles County Facilities Inc ($17.8m), Community Integrated Services ($17.9m) and Society of Women Engineers ($17.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 95% of the total. Other salaries and wages came to $7.1m. At year end it held assets of $15.1m against liabilities of $1.9m, net assets of $13.2m. It reported 527 employees.