Central Pennsylvania Workforce Development Corporation

Analysis

Central Pennsylvania Workforce Development Corporation is a registered charity in United States, based in Lewisburg, PA. It received its IRS tax-exemption ruling in February 2000, 26 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, Central Pennsylvania Workforce Development Corporation reported income of $7.9m and spending of $7.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.6m to $7.9m (+19%), an average of +4.3% a year. 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, Central Pennsylvania Workforce Development Corporation 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 Forest Forward ($7.9m), Minnesota Continuing Legal Education ($7.9m) and I-95 1-40 Crossroads of America Economic Development Alliance Inc ($7.9m).

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 $132k (1.7% of expenses). Other salaries and wages came to $534k. At year end it held assets of $4.1m against liabilities of $3.5m, net assets of $623k. It reported 15 employees.