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Filing year 2024

The Training Source Inc

Seat Pleasant, Maryland·EIN 52-1843341·501(c)(3)
Total revenue
$626k
Total assets
$3.2M
Total expenses
$594k
Reported officers
13
Mission

Provide education, training & services that promote positive economic mobility. Our programs & services in the Maryland and Washington, DC area assist low-to-moderate income youth & adults & include workforce training, college & career planning,community & employer services.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Executive Director
Median to 75th percentile
$144k
$153k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 12 unpaid individuals.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 26%
from 2023

From $194k in 2023 to $144k in 2024.

$194k
2023
$144k
2024
In today's dollarsEst.
Down 28% in real terms$213k to $153k

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 26% from 2023 to 2024, while revenue fell 12%.

$194k in 2023 to $144k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

The Training Source Inc reported revenue and expenses across 2 filing years.

RevenueExpenses
$712k
$632k
2023
$626k
$594k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about The Training Source Inc

What does the Chief Executive Officer of The Training Source Inc earn?

In 2024, the Chief Executive Officer of The Training Source Inc received $144,150 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at The Training Source Inc compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at The Training Source Inc falls between the median and the 75th percentile.

What are The Training Source Inc's revenue and expenses?

In 2024, The Training Source Inc reported $626k in total revenue and $594k in total expenses on its IRS Form 990.

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