Transylvania Vocational Services Inc

Analysis

Transylvania Vocational Services Inc is a registered charity in United States, based in Brevard, NC. It received its IRS tax-exemption ruling in July 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Transylvania Vocational Services Inc reported income of $27.5m and spending of $25.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.0m to $27.5m (+97%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 41%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Transylvania Vocational Services 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 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Partnerships to Uplift Communities Los Angeles ($27.5m), Arizona Connections Academy Charter School ($27.5m) and Lemoyne Owen College ($27.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.2% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $359k (1.4% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $55.4m against liabilities of $6.0m, net assets of $49.4m. It reported 237 employees.