Seiu Local 503 and Joint Employers Workforce Development Fund

Analysis

Seiu Local 503 and Joint Employers Workforce Development Fund is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Seiu Local 503 and Joint Employers Workforce Development Fund reported income of $3.2m and spending of $3.2m, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $772k to $3.2m (+317%), an average of +61% a year. The sharpest change came in the year to December 2022, when income rose by 338%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seiu Local 503 and Joint Employers Workforce Development Fund sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within OR. Charities of a similar size with the same main cause include Pacific Christian Academy ($3.2m), Riverside Christian School ($3.2m) and Crossbridge Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $2.9m against liabilities of $542k, net assets of $2.4m.