Camden County Workforce Development Board Inc

Analysis

Camden County Workforce Development Board Inc is a registered charity in United States, based in Cherry Hill, NJ. It received its IRS tax-exemption ruling in August 1990, 36 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, Camden County Workforce Development Board Inc reported income of $746k and spending of $781k, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $851k to $746k (-12%), an average of -4.3% a year. The sharpest change came in the year to June 2023, when income dropped by 31%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Camden County Workforce Development Board Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Phelps County Industrial Solutions ($746k), Dare Direct Action for Rights & Equality Inc ($746k) and Ivanhoe Neighborhood Council ($745k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $543k. At year end it held assets of $1.7m against liabilities of $131k, net assets of $1.6m. It reported 6 employees.