Racine Vocational Ministry Inc

Analysis

Racine Vocational Ministry Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in September 2003, 23 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 December 2023, Racine Vocational Ministry Inc reported income of $713k and spending of $630k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $416k to $713k (+72%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Racine Vocational Ministry Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within WI. Charities of a similar size with the same main cause include Cortland Free Library Inc ($713k), The Hansen Scholars Support Foundation ($713k) and Camp Spring Creek Inc ($713k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $89k (14% of expenses). Other salaries and wages came to $295k. At year end it held assets of $430k against liabilities of $29k, net assets of $401k. It reported 8 employees.