New Workforce Directions Inc

Analysis

New Workforce Directions Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in February 2011, 15 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 December 2023, New Workforce Directions Inc reported income of $2.0m and spending of $3.9m, spending 198% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.0m (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Workforce Directions Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within OK. Charities of a similar size with the same main cause include Plumbers & Pipefitters Local 51 Joint Apprenticeship Training Cmte ($2.0m), City Fabrick ($2.0m) and Dress for Success Columbus ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $181k (4.6% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.1m against liabilities of $567k, net assets of $2.6m. It reported 42 employees.