Workforce Connections Inc

Analysis

Workforce Connections Inc is a registered charity in United States, based in LA Crosse, 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 Connections Inc reported income of $2.9m and spending of $3.0m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $2.9m (+18%), an average of +4.3% a year. 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 Connections Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WI. Charities of a similar size with the same main cause include Central Workforce Development ($2.9m), Junior League of the City of New York Inc ($2.9m) and Baldwin Community and Economic Development Foundation ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $262k (8.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.5m against liabilities of $475k, net assets of $1.0m. It reported 52 employees.