Workforce Resource Inc

Analysis

Workforce Resource Inc is a registered charity in United States, based in Menomonie, WI. It received its IRS tax-exemption ruling in July 1984, 42 years ago. Its declared purposes cover employment, 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, Workforce Resource Inc reported income of $8.8m and spending of $9.3m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.1m to $8.8m (+8.4%), an average of +2.0% a year. The sharpest change came in the year to June 2021, when income dropped by 16%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Workforce Resource Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within WI. Charities of a similar size with the same main cause include Abilities of Northwest Jersey Inc ($8.8m), Berks Community Action Program Inc ($8.8m) and Inclusive Action for the City ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $185k (2.0% of expenses). Other salaries and wages came to $4.2m. It paid $48k in professional fundraising fees. At year end it held assets of $5.4m against liabilities of $1.5m, net assets of $3.9m. It reported 265 employees.