Brockton Area Workforce Investment Board Inc

Analysis

Brockton Area Workforce Investment Board Inc is a registered charity in United States, based in Brockton, MA. It received its IRS tax-exemption ruling in August 2001, 25 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, Brockton Area Workforce Investment Board Inc reported income of $5.6m and spending of $5.5m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.8m to $5.6m (+47%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brockton Area Workforce Investment Board Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Fair Count Inc ($5.6m), Jackson County Developmental Center Inc ($5.6m) and Society of Defense Financial Management ($5.6m).

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 $356k (6.5% of expenses). Other salaries and wages came to $780k. At year end it held assets of $3.6m against liabilities of $2.1m, net assets of $1.5m. It reported 240 employees.