Jobtrain Inc

Analysis

Jobtrain Inc is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in October 1965, 61 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, Jobtrain Inc reported income of $11.0m and spending of $9.2m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $11.0m (+122%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jobtrain Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Wayne County Development Allianceinc ($11.0m), Construction Industry Training Council of Washington ($11.0m) and Indianapolis Downtown Inc ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $369k (4.0% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $17.0m against liabilities of $8.4m, net assets of $8.7m. It reported 90 employees.