South Central Region 8 Workforce Board Inc

Analysis

South Central Region 8 Workforce Board Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, 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, South Central Region 8 Workforce Board Inc reported income of $4.3m and spending of $4.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $4.3m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2021, when income rose by 29%. 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, South Central Region 8 Workforce Board Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include The Resource Inc for Community and Economic Development ($4.3m), Clifton Adult Opportunity Center ($4.3m) and Rooftop of Virginia Cap ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $853k against liabilities of $853k, net assets of $0.