Washington Vocational Services Inc

Analysis

Washington Vocational Services Inc is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in June 1976, 50 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, Washington Vocational Services Inc reported income of $4.6m and spending of $4.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $4.6m (+13%), an average of +3.1% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Washington Vocational Services Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include National Association of City Transportation Officials Inc ($4.6m), Kuhn Employment Opportunities Inc ($4.6m) and Evansville Vanderburgh County Convention & Visitors Bureau Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $313k (7.0% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $2.8m against liabilities of $818k, net assets of $2.0m. It reported 115 employees.