Southern Maryland Vocational Industries Incorporated

Analysis

Southern Maryland Vocational Industries Incorporated is a registered charity in United States, based in Brandywine, MD. It received its IRS tax-exemption ruling in December 1985, 41 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, Southern Maryland Vocational Industries Incorporated reported income of $11.5m and spending of $10.4m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.1m to $11.5m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southern Maryland Vocational Industries Incorporated sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Goodwill Industries of Lubbock Inc ($11.5m), Community Ventures in Living Ltd ($11.5m) and Greater Louisville Workforce Investment Board ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $318k (3.1% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $18.6m against liabilities of $2.4m, net assets of $16.2m. It reported 238 employees.