Vocational Advancement Center Inc
Vocational Advancement Center Inc shows consistent revenue growth and strong asset base with no reported officer compensation.
EIN: 141628984 · Watertown, MA · NTEE: J300 · Updated: 2026-03-28
Is Vocational Advancement Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vocational Advancement Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vocational Advancement Center Inc
Vocational Advancement Center Inc (EIN: 141628984) is a nonprofit organization based in Watertown, MA, classified under NTEE code J300. The organization reported total revenue of $1.3M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vocational Advancement Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vocational Advancement Center Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Vocational Advancement Center Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a volunteer-led executive structure or that compensation is reported under other expense categories, though the former is more likely given the consistent reporting.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Vocational Advancement Center Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data, making precise efficiency analysis difficult without full 990 forms.
Strengths
The following positive indicators were identified for Vocational Advancement Center Inc:
- Consistent revenue growth, nearly doubling over the last decade (from $593,865 in 2015 to $1,142,496 in 2024).
- Strong and stable asset base, consistently above $3 million, providing financial security.
- Zero reported officer compensation across all filings, indicating a high commitment to mission-focused spending and transparency.
- Low liabilities relative to assets, demonstrating excellent financial health and responsible management (e.g., $48,277 liabilities vs. $3,388,527 assets in 2024).
- Positive or near-break-even operational results in most years, indicating effective expense management.
Frequently Asked Questions about Vocational Advancement Center Inc
Is Vocational Advancement Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vocational Advancement Center Inc (EIN: 141628984) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Vocational Advancement Center Inc spend its money?
Vocational Advancement Center Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vocational Advancement Center Inc tax-deductible?
Vocational Advancement Center Inc is registered as a tax-exempt nonprofit (EIN: 141628984). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Vocational Advancement Center Inc a good charity?
Based on the provided financial data, Vocational Advancement Center Inc appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, a healthy asset-to-liability ratio, and notably, reports 0% officer compensation, suggesting a high dedication to its mission.
How has Vocational Advancement Center Inc's revenue trended over the last decade?
Vocational Advancement Center Inc has shown a strong upward trend in revenue, increasing from $593,865 in 2015 to $1,142,496 in 2024, nearly doubling its income over the period.
What is the organization's asset-to-liability ratio?
In 2024, the organization had assets of $3,388,527 and liabilities of $48,277, resulting in a very strong asset-to-liability ratio of approximately 70:1, indicating excellent financial stability.
Filing History
IRS 990 filing history for Vocational Advancement Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Vocational Advancement Center Inc's revenue has grown by 103%, moving from $563K to $1.1M. Total assets increased by 465.9% over the same period, from $599K to $3.4M. Total functional expenses rose by 78.2%, from $629K to $1.1M. In its most recent filing year (2024), Vocational Advancement Center Inc reported a surplus of $21K, with revenue exceeding expenses. The organization holds $48K in liabilities against $3.4M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $1.1M | $1.1M | $3.4M | $48K | — | View 990 |
| 2023 | $943K | $981K | $3.2M | $33K | — | — |
| 2022 | $965K | $852K | $3.1M | $33K | — | View 990 |
| 2021 | $649K | $663K | $3.1M | $22K | — | — |
| 2020 | $733K | $748K | $3.1M | $129K | — | View 990 |
| 2019 | $740K | $735K | $3.0M | $34K | — | View 990 |
| 2018 | $666K | $717K | $3.0M | $32K | — | — |
| 2017 | $688K | $714K | $3.1M | $35K | — | View 990 |
| 2016 | $650K | $658K | $3.1M | $32K | — | View 990 |
| 2015 | $594K | $624K | $3.1M | $50K | — | View 990 |
| 2014 | $555K | $579K | $3.1M | $37K | — | View 990 |
| 2013 | $3.8M | $588K | $3.6M | $50K | — | View 990 |
| 2012 | $563K | $629K | $599K | $257K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.1M, expenses of $1.1M, and assets of $3.4M (revenue +21.2% year-over-year).
- 2023: Revenue of $943K, expenses of $981K, and assets of $3.2M (revenue -2.3% year-over-year).
- 2022: Revenue of $965K, expenses of $852K, and assets of $3.1M (revenue +48.7% year-over-year).
- 2021: Revenue of $649K, expenses of $663K, and assets of $3.1M (revenue -11.5% year-over-year).
- 2020: Revenue of $733K, expenses of $748K, and assets of $3.1M (revenue -0.9% year-over-year).
- 2019: Revenue of $740K, expenses of $735K, and assets of $3.0M (revenue +11.1% year-over-year).
- 2018: Revenue of $666K, expenses of $717K, and assets of $3.0M (revenue -3.2% year-over-year).
- 2017: Revenue of $688K, expenses of $714K, and assets of $3.1M (revenue +5.9% year-over-year).
- 2016: Revenue of $650K, expenses of $658K, and assets of $3.1M (revenue +9.4% year-over-year).
- 2015: Revenue of $594K, expenses of $624K, and assets of $3.1M (revenue +7.0% year-over-year).
- 2014: Revenue of $555K, expenses of $579K, and assets of $3.1M (revenue -85.4% year-over-year).
- 2013: Revenue of $3.8M, expenses of $588K, and assets of $3.6M (revenue +576.5% year-over-year).
- 2012: Revenue of $563K, expenses of $629K, and assets of $599K.
Data Sources and Methodology
This transparency report for Vocational Advancement Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.