Center for Employment Training

Analysis

Center for Employment Training is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in September 1968, 58 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 June 2023, Center for Employment Training reported income of $27.1m and spending of $29.2m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.2m to $27.1m (+3.1%), an average of +0.8% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center for Employment Training sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Access to Capital for Entrepreneurs Inc ($27.0m), Goodwill Industries of the Gulf Coast Inc ($27.2m) and Minnesota Assistance Council for Veterans ($26.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.4m (4.8% of expenses). At year end it held assets of $35.9m against liabilities of $27.6m, net assets of $8.3m. It reported 319 employees.