Vocational Opportunities of Cherokee Inc

Analysis

Vocational Opportunities of Cherokee Inc is a registered charity in United States, based in Cherokee, NC. It received its IRS tax-exemption ruling in October 1974, 52 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 September 2023, Vocational Opportunities of Cherokee Inc reported income of $1.1m and spending of $1.4m, spending 120% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.4m to $1.1m (-19%), an average of -5.0% a year. The sharpest change came in the year to September 2020, when income dropped by 23%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vocational Opportunities of Cherokee Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include NDC Entrepreneur Training Center ($1.1m), Southwest Washington Electrical JNT Apprntcshp & Training Trust Fund ($1.1m) and Coventry Reserve ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 68% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $295k (22% of expenses). Other salaries and wages came to $486k. At year end it held assets of $954k against liabilities of $209k, net assets of $745k. It reported 50 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.