Workforce Alliance Inc

Analysis

Workforce Alliance Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in November 1984, 42 years ago. 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, Workforce Alliance Inc reported income of $12.3m and spending of $12.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.7m to $12.3m (+14%), an average of +3.4% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Workforce Alliance Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include The Daily Planet Inc ($12.2m), Cade Creativity Labs Inc ($12.3m) and Young Mens Christian Association of West Central Florida Inc ($12.2m).

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 $383k (3.1% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $3.2m against liabilities of $2.8m, net assets of $388k. It reported 109 employees.