Minot Vocational Adjustment Workshop

Analysis

Minot Vocational Adjustment Workshop is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in January 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 2024, Minot Vocational Adjustment Workshop reported income of $27.8m and spending of $25.6m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $24.2m to $27.8m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Minot Vocational Adjustment Workshop sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within ND. Charities of a similar size with the same main cause include Centers for Habilitation TCH ($27.8m), Upper East Tennessee Human Development Agency ($27.8m) and CDC Small Business Finance Corp ($27.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $374k (1.5% of expenses). Other salaries and wages came to $15.9m. At year end it held assets of $26.2m against liabilities of $4.4m, net assets of $21.8m. It reported 449 employees.