South Bay Vocational Center Incorporated

Analysis

South Bay Vocational Center Incorporated is a registered charity in United States, based in Carson, CA. It received its IRS tax-exemption ruling in September 1955, 71 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 2022, South Bay Vocational Center Incorporated reported income of $2.2m and spending of $2.2m, spending 101% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $2.0m to $2.2m (+9.6%), an average of +3.1% a year. The sharpest change came in the year to June 2021, when income rose by 65%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Bay Vocational Center Incorporated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Transformca ($2.2m), Agassiz Baldwin Community a Cambridge Corporation ($2.2m) and Lapeer Team Work Inc ($2.2m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $70k (3.2% of expenses). Other salaries and wages came to $505k. At year end it held assets of $1.2m against liabilities of $1.1m, net assets of $75k. It reported 21 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.