South Bay Workforce Investment Board Inc

Analysis

South Bay Workforce Investment Board Inc is a registered charity in United States, based in Hawthorne, CA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, South Bay Workforce Investment Board Inc reported income of $34.7m and spending of $33.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $47.0m to $34.7m (-26%), an average of -7.4% a year. The sharpest change came in the year to June 2021, when income dropped by 28%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Bay Workforce Investment Board Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include National Association of State Procurement Officials ($34.7m), Clayton Valley Charter High School ($34.7m) and Asbury Theological Seminary ($34.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $279k (0.8% of expenses). Other salaries and wages came to $24.1m. At year end it held assets of $11.0m against liabilities of $4.5m, net assets of $6.5m. It reported 2,422 employees.