Westbridge Vocational Inc

Analysis

Westbridge Vocational Inc is a registered charity in United States, based in Sylva, NC. It received its IRS tax-exemption ruling in April 1979, 47 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Westbridge Vocational Inc reported income of $2.0m and spending of $1.9m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.1m to $2.0m (-3.6%), an average of -1.2% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westbridge Vocational Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Catholic Foundation of Southwestern Michigan ($2.0m), Boston Food Forest Coalition ($2.0m) and Crystal City Working Parents Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $146k (7.5% of expenses). Other salaries and wages came to $773k. At year end it held assets of $1.1m against liabilities of $838k, net assets of $255k. It reported 58 employees.