Fox Valley Workforce Development Board Inc

Analysis

Fox Valley Workforce Development Board Inc is a registered charity in United States, based in Neenah, WI. It received its IRS tax-exemption ruling in July 1987, 39 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, Fox Valley Workforce Development Board Inc reported income of $3.5m and spending of $3.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.5m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fox Valley Workforce Development Board Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include TCK Providence Inc ($3.5m), The Enterprise Center Community Development Corporation ($3.5m) and Teenworks Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $129k (3.6% of expenses). Other salaries and wages came to $482k. At year end it held assets of $539k against liabilities of $266k, net assets of $273k. It reported 40 employees.