Northern Indiana Workforce Board Inc

Analysis

Northern Indiana Workforce Board Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in February 2009, 17 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 2023, Northern Indiana Workforce Board Inc reported income of $7.0m and spending of $7.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.3m to $7.0m (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2021, when income rose by 45%. 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, Northern Indiana Workforce Board Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Rural Action Inc ($7.0m), Somercor 504 Inc ($7.0m) and Northwest Tennessee Development ($7.0m).

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 $338k (4.6% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $2.1m against liabilities of $2.0m, net assets of $47k.