Kulshan Vocational Service

Analysis

Kulshan Vocational Service is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in June 2001, 25 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, Kulshan Vocational Service reported income of $1.9m and spending of $1.6m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.9m (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kulshan Vocational Service sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Alliance for Gun Responsibility Foundation ($1.9m), Lake Highlands Improvement District Corporation ($1.9m) and Greater Dayton Union Cooperative Initiative Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $134k (8.7% of expenses). Other salaries and wages came to $928k. At year end it held assets of $2.1m against liabilities of $156k, net assets of $1.9m. It reported 91 employees.