Eastern Carolina Vocational Center Inc

Analysis

Eastern Carolina Vocational Center Inc is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in December 1965, 61 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, Eastern Carolina Vocational Center Inc reported income of $13.6m and spending of $11.1m, spending 81% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $12.4m to $13.6m (+10%), an average of +2.0% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Eastern Carolina Vocational Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Community Action of South Eastern West Virginia ($13.6m), National Coalition for Asian Pacific American Community Dev ($13.7m) and The Community Action Agency of Western Connecticut Inc ($13.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $730k (6.6% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $30.6m against liabilities of $2.8m, net assets of $27.8m. It reported 284 employees.