South Central Workforce Council

Analysis

South Central Workforce Council is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in March 1995, 31 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 2024, South Central Workforce Council reported income of $311k and spending of $351k, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $362k to $311k (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Central Workforce Council sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Southern Carolina Regional Community Development Corporation ($311k), Idyllwild Help Center ($311k) and Acts 2 Toledo ($311k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $107k (31% of expenses). Other salaries and wages came to $125k. At year end it held assets of $48k against liabilities of $6,257, net assets of $42k. It reported 4 employees.