Tri-County Workforce Investment Board Inc

Analysis

Tri-County Workforce Investment Board Inc is a registered charity in United States, based in Butler, PA. It received its IRS tax-exemption ruling in February 2001, 25 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, Tri-County Workforce Investment Board Inc reported income of $5.0m and spending of $5.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $5.0m (+5.3%), an average of +1.3% 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, Tri-County Workforce Investment Board Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Vetjobs ($5.0m), Tulsa Economic Development Corporation ($5.0m) and Boilermaker Alliance Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $115k (2.3% of expenses). Other salaries and wages came to $647k. At year end it held assets of $1.7m against liabilities of $1.7m, net assets of -$23k. It reported 23 employees.