The Workforce Connection Inc

Analysis

The Workforce Connection Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in July 2002, 24 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, The Workforce Connection Inc reported income of $2.7m and spending of $2.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17k to $2.7m (+15629%), an average of +254% a year. The sharpest change came in the year to June 2022, when income rose by 3868%. 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, The Workforce Connection Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Council for Inclusive Capitalism Inc ($2.7m), Ridc Mill 19b ($2.7m) and Association for Financial Counselling & PLG Education USA ($2.7m).

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 $4,500. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of $54k.