Workforce Wayne

Analysis

Workforce Wayne is a registered charity in United States, based in Honesdale, PA. It received its IRS tax-exemption ruling in July 2009, 17 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, Workforce Wayne reported income of $1.5m and spending of $1.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $751k to $1.5m (+99%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 60%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Workforce Wayne sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Banner Neighborhoods Community Corporation ($1.5m), Brooklyn Neighborhood HDFC ($1.5m) and Erie Canalway Heritage Fund Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Other salaries and wages came to $804k. At year end it held assets of $611k against liabilities of $383k, net assets of $228k. It reported 129 employees.