Wilkes Vocational Services Inc

Analysis

Wilkes Vocational Services Inc is a registered charity in United States, based in N Wilkesboro, NC. It received its IRS tax-exemption ruling in April 1970, 56 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, Wilkes Vocational Services Inc reported income of $2.9m and spending of $3.0m, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.8m to $2.9m (+4.0%), an average of +1.0% a year. The sharpest change came in the year to June 2023, when income rose by 31%. 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, Wilkes Vocational Services Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Associated Builders & Contractors Wisc Inc Aprntcshp & TRNG TR ($2.9m), Prospera Community Development ($2.9m) and Scotland County Economic Development Corporation ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $145k (4.9% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.2m against liabilities of $138k, net assets of $2.1m. It reported 163 employees.