Western Indiana Workforce Investment Board Inc

Analysis

Western Indiana Workforce Investment Board Inc is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in June 2000, 26 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, Western Indiana Workforce Investment Board Inc reported income of $3.4m and spending of $3.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $3.4m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Western Indiana Workforce Investment Board Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Midwest Urban Strategies Inc ($3.4m), White Center Community Development Association ($3.4m) and Join Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $91k (2.7% of expenses). Other salaries and wages came to $207k. At year end it held assets of $852k against liabilities of $615k, net assets of $237k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.