Center for Training & Careers Inc

Analysis

Center for Training & Careers Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 1978, 48 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Center for Training & Careers Inc reported income of $3.5m and spending of $3.6m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $3.5m (-2.3%), an average of -0.6% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 98% 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 Training & Careers Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include The Right 2 Work Corporation ($3.5m), Waterfront Alliance Inc ($3.5m) and Northeast Graffiti Busters ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $135k (3.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $4.4m against liabilities of $2.7m, net assets of $1.6m. It reported 40 employees.