Institute for Workforce Excellence Inc

Analysis

Institute for Workforce Excellence Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Institute for Workforce Excellence Inc reported income of $1.2m and spending of $1.9m, spending 161% of what it took in. Across the 5 years on record, from December 2019 to October 2023, income grew from $450k to $1.2m (+157%), an average of +27% a year. The sharpest change came in the year to October 2021, when income rose by 788%. 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, Institute for Workforce Excellence Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Lake Area Improvement Corporation ($1.2m), Lowcountry Local First ($1.2m) and VN Teamwork ($1.2m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 93% and program service revenue 3.1% of the total. Other salaries and wages came to $635k. At year end it held assets of $2.1m against liabilities of $174k, net assets of $1.9m. It reported 5 employees.