The Southwest Alaska Vocational and Educational Center

Analysis

The Southwest Alaska Vocational and Educational Center is a registered charity in United States, based in Dillingham, AK. It received its IRS tax-exemption ruling in October 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 June 2023, The Southwest Alaska Vocational and Educational Center reported income of $834k and spending of $716k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $776k to $834k (+7.5%), an average of +1.8% a year. The sharpest change came in the year to June 2023, when income rose by 48%. 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, The Southwest Alaska Vocational and Educational Center sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within AK. Charities of a similar size with the same main cause include T Klokhuis Inc ($834k), Como Early Learning Center ($834k) and Outreach Christian Education Ministries ($834k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $200k (28% of expenses). Other salaries and wages came to $15k. At year end it held assets of $737k against liabilities of $320k, net assets of $416k.