Southwest Wisconsin Workforce Development Board Inc

Analysis

Southwest Wisconsin Workforce Development Board Inc is a registered charity in United States, based in Platteville, WI. It received its IRS tax-exemption ruling in July 1984, 42 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2024, Southwest Wisconsin Workforce Development Board Inc reported income of $6.6m and spending of $6.3m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.5m to $6.6m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southwest Wisconsin Workforce Development Board Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WI. Charities of a similar size with the same main cause include Alexandria Soccer Association Inc ($6.6m), Mental Health Association in Ulster County Inc ($6.6m) and Pikes Peak Habitat for Humanity Inc ($6.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $140k (2.2% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $2.7m against liabilities of $928k, net assets of $1.8m. It reported 167 employees.