Swan Vocational Enterprises

Analysis

Swan Vocational Enterprises is a registered charity in United States, based in White Swan, WA. It received its IRS tax-exemption ruling in November 2020, 6 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 December 2023, Swan Vocational Enterprises reported income of $836k and spending of $677k, spending 81% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $217k to $836k (+286%), an average of +57% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Swan Vocational Enterprises sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within WA. Charities of a similar size with the same main cause include Equity Impact Center ($836k), West Side Community Services Inc ($836k) and Veterans Future Foundation ($836k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $121k (18% of expenses). Other salaries and wages came to $323k. It paid $14k in professional fundraising fees. At year end it held assets of $825k against liabilities of $275k, net assets of $550k. It reported 20 employees.