North Iowa Vocational Center Inc

Analysis

North Iowa Vocational Center Inc is a registered charity in United States, based in Mason City, IA. It received its IRS tax-exemption ruling in October 1970, 56 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, North Iowa Vocational Center Inc reported income of $9.2m and spending of $9.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $9.2m (+88%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Iowa Vocational Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IA. Charities of a similar size with the same main cause include Mahoning County Community Corrections Assoc Inc ($9.2m), Training and Evaluation Center of Hutchinson Inc ($9.2m) and Boy Scouts of America ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $83k (0.9% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $9.5m against liabilities of $4.9m, net assets of $4.6m. It reported 219 employees.