West Central Texas Workforce Development Board Inc

Analysis

West Central Texas Workforce Development Board Inc is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in May 2007, 19 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 September 2023, West Central Texas Workforce Development Board Inc reported income of $1.6m and spending of $1.0m, leaving 38% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income grew from $742k to $1.6m (+118%), an average of +48% a year. The sharpest change came in the year to September 2023, when income rose by 281%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Central Texas Workforce Development Board Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Minneapolis Regional Chamber Development Foundation ($1.6m), Greater Winston-Salem Development Corp ($1.6m) and National Ambucs Inc ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 5.2% of the total. Other salaries and wages came to $609k. At year end it held assets of $899k against liabilities of $79k, net assets of $820k.