Capital Workforce Partners Inc

Analysis

Capital Workforce Partners Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in February 1980, 46 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, Capital Workforce Partners Inc reported income of $24.0m and spending of $23.8m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $19.5m to $24.0m (+23%), an average of +7.1% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Capital Workforce Partners Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include Southside Redevelopment Corporation ($23.9m), Sightlife ($24.1m) and Charitable Ventures of Orangecounty Inc ($23.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $411k (1.7% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $8.6m against liabilities of $8.1m, net assets of $581k. It reported 48 employees.