Vocational Instruction Project Community Services Inc
Vocational Instruction Project Community Services Inc experiences significant revenue and asset growth with 0% reported officer compensation.
EIN: 133224700 · Bronx, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $115.6M |
| Total Expenses | $78.1M |
| Program Spending | 85% |
| Net Assets | $26.1M |
| Transparency Score | 90/100 |
Is Vocational Instruction Project Community Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vocational Instruction Project Community Services Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vocational Instruction Project Community Services Inc
Vocational Instruction Project Community Services Inc (EIN: 133224700) is a nonprofit organization based in Bronx, NY. The organization reported total revenue of $115.6M and total assets of $157.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vocational Instruction Project Community Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vocational Instruction Project Community Services Inc is a major nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $82.7M |
| Total Expenses | $78.1M |
| Surplus / Deficit | +$4.6M |
| Total Assets | $105.2M |
| Total Liabilities | $79.0M |
| Net Assets | $26.1M |
| Operating Margin | 5.5% |
| Debt-to-Asset Ratio | 75.2% |
| Months of Reserves | 16.2 months |
Financial Health Grade: A
In 2023, Vocational Instruction Project Community Services Inc reported a surplus of $4.6M with revenue exceeding expenses, holds 16.2 months of operating reserves (strong position), has a debt-to-asset ratio of 75.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Vocational Instruction Project Community Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +55.3% | +73.7% | +54.6% |
| 2022 | +27.4% | +22.9% | +0.7% |
| 2021 | +5.7% | -2.0% | +11.2% |
| 2020 | +8.9% | +2.6% | +14.2% |
| 2019 | -6.7% | +8.0% | +30.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vocational Instruction Project Community Services Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Vocational Instruction Project Community Services Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 75.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to its officers, which is highly unusual and suggests either pro-bono leadership or compensation is categorized differently, warranting further investigation for full transparency.
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 Instruction Project Community Services Inc's IRS 990 filings:
- NTEE Code is unknown, which limits understanding of its specific programmatic focus and peer comparisons.
- Consistent 0% officer compensation is unusual and might indicate compensation is reported under other categories, requiring deeper scrutiny for full transparency.
Strengths
The following positive indicators were identified for Vocational Instruction Project Community Services Inc:
- Significant and consistent revenue growth, from $20.4M in 2014 to $82.6M in 2023.
- Strong asset growth, from $29.6M in 2014 to $105.1M in 2023, indicating financial stability.
- Consistent reporting of 0% officer compensation, suggesting a high dedication to mission-driven spending.
- Positive net income in most recent years (e.g., $82.6M revenue vs. $78.1M expenses in 2023), contributing to asset growth.
Frequently Asked Questions about Vocational Instruction Project Community Services Inc
Is Vocational Instruction Project Community Services Inc a legitimate charity?
Vocational Instruction Project Community Services Inc (EIN: 133224700) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $115.6M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Vocational Instruction Project Community Services Inc spend its money?
Vocational Instruction Project Community Services Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Vocational Instruction Project Community Services Inc tax-deductible?
Vocational Instruction Project Community Services Inc is registered as a tax-exempt nonprofit (EIN: 133224700). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Vocational Instruction Project Community Services Inc's spending goes to programs?
Vocational Instruction Project Community Services Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Vocational Instruction Project Community Services Inc located?
Vocational Instruction Project Community Services Inc is headquartered in Bronx, New York and files with the IRS under EIN 133224700.
How many years of IRS 990 filings does Vocational Instruction Project Community Services Inc have?
Vocational Instruction Project Community Services Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $115.6M in total revenue.
Is VIP Community Services Inc a good charity?
Based on the provided data, VIP Community Services Inc appears to be a financially healthy and growing organization with a strong commitment to its mission, evidenced by significant revenue growth and 0% reported officer compensation. Further detailed expense breakdowns would provide a more complete picture of program efficiency.
How has the organization's financial health changed over the past decade?
The organization has experienced substantial financial growth, with revenue increasing from $20.4 million in 2014 to $82.6 million in 2023, and assets growing from $29.6 million to $105.1 million in the same period, indicating robust financial health and expansion.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant, suggesting that the organization's leadership may be unpaid or compensated through other means not categorized as 'officer compensation' on the 990. This practice, if truly unpaid, demonstrates a strong dedication to directing resources towards the mission rather than executive salaries.
Filing History
IRS 990 filing history for Vocational Instruction Project Community Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Vocational Instruction Project Community Services Inc's revenue has grown by 273.4%, moving from $22.1M to $82.7M. Total assets increased by 239.7% over the same period, from $31.0M to $105.2M. Total functional expenses rose by 243.2%, from $22.8M to $78.1M. In its most recent filing year (2023), Vocational Instruction Project Community Services Inc reported a surplus of $4.6M, with revenue exceeding expenses. The organization holds $79.0M in liabilities against $105.2M in assets (debt-to-asset ratio: 75.2%), resulting in net assets of $26.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $82.7M | $78.1M | $105.2M | $79.0M | — | — |
| 2022 | $53.3M | $45.0M | $68.0M | $46.5M | — | View 990 |
| 2021 | $41.8M | $36.6M | $67.6M | $54.3M | — | View 990 |
| 2020 | $39.6M | $37.4M | $60.8M | $52.7M | — | View 990 |
| 2019 | $36.3M | $36.4M | $53.2M | $47.4M | — | View 990 |
| 2018 | $38.9M | $33.7M | $41.0M | $35.0M | — | View 990 |
| 2017 | $27.6M | $26.2M | $29.8M | $29.1M | — | View 990 |
| 2016 | $23.1M | $21.6M | $22.6M | $23.4M | — | View 990 |
| 2015 | $20.1M | $21.2M | $28.3M | $31.8M | — | View 990 |
| 2014 | $20.4M | $21.0M | $29.6M | $32.0M | — | View 990 |
| 2013 | $24.0M | $21.5M | $31.0M | $32.8M | — | View 990 |
| 2012 | $21.3M | $22.7M | $29.6M | $33.9M | — | View 990 |
| 2011 | $22.1M | $22.8M | $31.0M | $33.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $82.7M, expenses of $78.1M, and assets of $105.2M (revenue +55.3% year-over-year).
- 2022: Revenue of $53.3M, expenses of $45.0M, and assets of $68.0M (revenue +27.4% year-over-year).
- 2021: Revenue of $41.8M, expenses of $36.6M, and assets of $67.6M (revenue +5.7% year-over-year).
- 2020: Revenue of $39.6M, expenses of $37.4M, and assets of $60.8M (revenue +8.9% year-over-year).
- 2019: Revenue of $36.3M, expenses of $36.4M, and assets of $53.2M (revenue -6.7% year-over-year).
- 2018: Revenue of $38.9M, expenses of $33.7M, and assets of $41.0M (revenue +41.1% year-over-year).
- 2017: Revenue of $27.6M, expenses of $26.2M, and assets of $29.8M (revenue +19.7% year-over-year).
- 2016: Revenue of $23.1M, expenses of $21.6M, and assets of $22.6M (revenue +14.5% year-over-year).
- 2015: Revenue of $20.1M, expenses of $21.2M, and assets of $28.3M (revenue -1.5% year-over-year).
- 2014: Revenue of $20.4M, expenses of $21.0M, and assets of $29.6M (revenue -14.9% year-over-year).
- 2013: Revenue of $24.0M, expenses of $21.5M, and assets of $31.0M (revenue +12.8% year-over-year).
- 2012: Revenue of $21.3M, expenses of $22.7M, and assets of $29.6M (revenue -3.8% year-over-year).
- 2011: Revenue of $22.1M, expenses of $22.8M, and assets of $31.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vocational Instruction Project Community Services Inc:
Data Sources and Methodology
This transparency report for Vocational Instruction Project Community Services 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.