Social Vocational Services Inc

Analysis

Social Vocational Services Inc is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in July 1980, 46 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, Social Vocational Services Inc reported income of $133.4m and spending of $127.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $107.8m to $133.4m (+24%), an average of +5.5% a year. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Social Vocational Services Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Goodwill Industries of Kentucky Inc ($127.9m), Mexican American Opportunity Foundation ($141.2m) and Mankato Rehabilitation Center Inc ($119.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.3m (1.8% of expenses). Other salaries and wages came to $71.8m. At year end it held assets of $143.0m against liabilities of $35.4m, net assets of $107.7m. It reported 2,624 employees.