Grow Southwest Indiana Workforceboard Inc

Analysis

Grow Southwest Indiana Workforceboard Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in August 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, Grow Southwest Indiana Workforceboard Inc reported income of $4.8m and spending of $4.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $4.8m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grow Southwest Indiana Workforceboard Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include Union County Economic Development Corp ($4.8m), Breaktime United Inc ($4.8m) and Self-Help Community Development Corp ($4.8m).

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 $70k (1.5% of expenses). Other salaries and wages came to $372k. At year end it held assets of $2.0m against liabilities of $1.5m, net assets of $516k. It reported 8 employees.