The Center of Workforce Innovations Inc

Analysis

The Center of Workforce Innovations Inc is a registered charity in United States, based in Gary, IN. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, 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 Center of Workforce Innovations Inc reported income of $16.5m and spending of $16.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.0m to $16.5m (+38%), an average of +8.5% a year. The sharpest change came in the year to June 2022, 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, The Center of Workforce Innovations Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Workquest Inc ($16.5m), Pennreach ($16.5m) and Mid-Iowa Community Action -Mica- Incorporated ($16.5m).

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 $539k (3.3% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $3.7m against liabilities of $2.3m, net assets of $1.4m. It reported 140 employees.