Cattaraugus-Allegny Workforce Investment Board Inc

Analysis

Cattaraugus-Allegny Workforce Investment Board Inc is a registered charity in United States, based in Olean, NY. It received its IRS tax-exemption ruling in June 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 2024, Cattaraugus-Allegny Workforce Investment Board Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.3m (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2023, when income rose by 35%. 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, Cattaraugus-Allegny Workforce Investment Board Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Hhplift ($1.3m), Kansas Rural Communities Foundation ($1.3m) and Conxusneo ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $73k (5.6% of expenses). Other salaries and wages came to $160k. At year end it held assets of $324k against liabilities of $301k, net assets of $22k. It reported 4 employees.