Minnesota Association of Workforce Boards

Analysis

Minnesota Association of Workforce Boards is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in December 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 December 2023, Minnesota Association of Workforce Boards reported income of $212k and spending of $175k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $379k to $212k (-44%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 71%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Minnesota Association of Workforce Boards sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Autism Awareness Shop Inc ($212k), Love-Craft Athens Inc ($212k) and Junior Womans Club of Lynchburg Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. At year end it held assets of $299k against liabilities of $35k, net assets of $264k.