Training Center Incorporated

Analysis

Training Center Incorporated is a registered charity in United States, based in Marion, IN. It received its IRS tax-exemption ruling in September 2011, 15 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, Training Center Incorporated reported income of $245k and spending of $213k, spending 87% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $150k to $245k (+63%), an average of +28% a year. The sharpest change came in the year to June 2024, when income rose by 35%. 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, Training Center Incorporated sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within IN. Charities of a similar size with the same main cause include Alton Forward ($245k), Vilas County Economic Development Corporation Inc ($245k) and Hollywood Cinema Production Resources ($245k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $60k (28% of expenses). Other salaries and wages came to $80k. At year end it held assets of $60k against liabilities of $0, net assets of $60k. It reported 12 employees.