The Vocation Depot Inc

Analysis

The Vocation Depot Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in January 2014, 12 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 December 2023, The Vocation Depot Inc reported income of $1.7m and spending of $1.5m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $554k to $1.7m (+198%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 58%. 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, The Vocation Depot Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include NYC Neighborhood Capital Corporation ($1.7m), Parkview Gardens Association ($1.7m) and New Garden Park Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $466k (30% of expenses). Other salaries and wages came to $754k. At year end it held assets of $820k against liabilities of $46k, net assets of $773k. It reported 132 employees.