Cape and Islands Workforce Development Board Inc

Analysis

Cape and Islands Workforce Development Board Inc is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cape and Islands Workforce Development Board Inc reported income of $819k and spending of $832k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $464k to $819k (+77%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cape and Islands Workforce Development Board Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Wellspring Cooperative Corporation ($818k), Returning Home Inc ($819k) and The Beacon Council Economic Development Foundation Inc ($817k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $299k. At year end it held assets of $306k against liabilities of $250k, net assets of $56k. It reported 4 employees.