Workforce Development Services Inc

Analysis

Workforce Development Services Inc is a registered charity in United States, based in Gary, IN. It received its IRS tax-exemption ruling in November 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Workforce Development Services Inc reported income of $168k and spending of $269k, spending 160% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income grew from $102k to $168k (+66%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 169%. Over the whole period it spent 140% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Workforce Development Services Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within IN. Charities of a similar size with the same main cause include Rotary Club of Springfield Ohio Foundation ($168k), Worc 4 Hope Inc ($168k) and Riverside Excite ($168k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 104% of the total. At year end it held assets of $41k against liabilities of $326k, net assets of -$285k.