Fuerza Laboral

Analysis

Fuerza Laboral is a registered charity in United States, based in Central Falls, RI. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Fuerza Laboral reported income of $726k and spending of $435k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $203k to $726k (+257%), an average of +37% a year. The sharpest change came in the year to December 2020, when income rose by 174%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fuerza Laboral sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within RI. Charities of a similar size with the same main cause include Kentucky Rural Health Association ($725k), Brighter Horizon of Baton Rouge ($726k) and Backyard Basecamp Inc ($725k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $100k (23% of expenses). Other salaries and wages came to $159k. At year end it held assets of $1.1m against liabilities of $299k, net assets of $761k.