Workforce Professionals Traininginstitute

Analysis

Workforce Professionals Traininginstitute is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2007, 19 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 September 2023, Workforce Professionals Traininginstitute reported income of $1.7m and spending of $2.0m, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $1.7m (+14%), an average of +3.3% a year. The sharpest change came in the year to September 2020, when income rose by 42%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Workforce Professionals Traininginstitute sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Jeff Industries Inc ($1.7m), Right Place Foundation ($1.7m) and Smithville Community Inc ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $218k (11% of expenses). Other salaries and wages came to $781k. At year end it held assets of $724k against liabilities of $232k, net assets of $492k. It reported 10 employees.