Workforce Development Board of South Central Wisconsin

Analysis

Workforce Development Board of South Central Wisconsin is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in October 1988, 38 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 Development Board of South Central Wisconsin reported income of $6.6m and spending of $6.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $6.6m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Workforce Development Board of South Central Wisconsin sits at the 94th percentile: it is larger than about 94% 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 National Association of Electrical Distributors Education Foundation ($6.6m), Northwest Central Indiana Community Partnerships Inc ($6.6m) and Tri County Jobs for Ohios Graduates ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $281k (4.3% of expenses). Other salaries and wages came to $479k. At year end it held assets of $924k against liabilities of $775k, net assets of $148k. It reported 30 employees.