Lancaster County Workforce Investment Board

Analysis

Lancaster County Workforce Investment Board is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in December 1980, 46 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, Lancaster County Workforce Investment Board reported income of $7.8m and spending of $7.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $7.8m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 24%. 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, Lancaster County Workforce Investment Board sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Berks County Nonprofit Development Corporation ($7.8m), I-95 1-40 Crossroads of America Economic Development Alliance Inc ($7.9m) and Oma Educational and Industrial Development Institute ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $214k (2.7% of expenses). Other salaries and wages came to $158k. At year end it held assets of $4.1m against liabilities of $4.3m, net assets of -$150k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.