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Filing year 2024

The Training Source Inc

Seat Pleasant, Maryland·EIN 52-1843341·3
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 · Schedule J · 1 reported individual · Filing year 2024

Executive Director
$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.

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.

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.
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