Vocational Training Center Inc

Analysis

Vocational Training Center Inc is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in February 1964, 62 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, Vocational Training Center Inc reported income of $7.9m and spending of $7.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $7.9m (+34%), an average of +7.7% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vocational Training 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 94th percentile, and in the 93rd percentile within ND. Charities of a similar size with the same main cause include Minnesota Continuing Legal Education ($7.9m), Downtown Fort Worth Initiatives Inc ($7.9m) and Central Pennsylvania Workforce Development Corporation ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $345k (4.5% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $8.5m against liabilities of $1.3m, net assets of $7.1m. It reported 283 employees.