Berrien-Cass-Vanburen Workforce Development Board Inc

Analysis

Berrien-Cass-Vanburen Workforce Development Board Inc is a registered charity in United States, based in Benton Harbor, MI. It received its IRS tax-exemption ruling in March 1984, 42 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, Berrien-Cass-Vanburen Workforce Development Board Inc reported income of $15.1m and spending of $15.2m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.8m to $15.1m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Berrien-Cass-Vanburen Workforce Development Board 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 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Odd Fellows Home of Connecticut Inc ($15.1m), Community Action Resource & Development Inc ($15.1m) and Mendocino Coast Clinics Inc ($15.1m).

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 $741k (4.9% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $3.6m against liabilities of $2.5m, net assets of $1.1m. It reported 258 employees.