Southern 14 Workforce Investment Board Inc

Analysis

Southern 14 Workforce Investment Board Inc is a registered charity in United States, based in Carmi, IL. It received its IRS tax-exemption ruling in November 1985, 41 years ago. 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, Southern 14 Workforce Investment Board Inc reported income of $1.8m and spending of $1.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.4m to $1.8m (-25%), an average of -6.9% a year. The sharpest change came in the year to June 2022, when income dropped by 20%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern 14 Workforce Investment Board Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Center for Accessible Living Inc ($1.8m), Allan Hancock College Foundation ($1.8m) and Wickenburg Christian Academy Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Other salaries and wages came to $152k. At year end it held assets of $122k against liabilities of $153k, net assets of -$32k. It reported 5 employees.