Finger Lakes Workforce Investment Board Inc

Analysis

Finger Lakes Workforce Investment Board Inc is a registered charity in United States, based in Geneva, NY. It received its IRS tax-exemption ruling in August 2003, 23 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 2024, Finger Lakes Workforce Investment Board Inc reported income of $1.8m and spending of $1.9m, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.7m to $1.8m (+2.2%), an average of +0.4% a year. The sharpest change came in the year to June 2022, when income dropped by 21%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Finger Lakes Workforce Investment Board Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Helping Our People Excel Community Development Corporation ($1.8m), California Health Advocates ($1.8m) and Desert Survivors Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $156k (8.3% of expenses). Other salaries and wages came to $352k. At year end it held assets of $164k against liabilities of $166k, net assets of -$1,631. It reported 10 employees.