Workforce Development Board of Southeast Missouri

Analysis

Workforce Development Board of Southeast Missouri is a registered charity in United States, based in Cpe Girardeau, MO. It received its IRS tax-exemption ruling in August 2000, 26 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 Southeast Missouri reported income of $2.4m and spending of $2.3m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $2.4m (-34%), an average of -9.9% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 99% 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 Southeast Missouri sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MO. Charities of a similar size with the same main cause include Destination Medical Center Corporation ($2.4m), Operating Engineers Local 14-14b Training Fund ($2.4m) and Green Knight Economic Development Corporation ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (2.6% of expenses). Other salaries and wages came to $412k. At year end it held assets of $457k against liabilities of $300k, net assets of $158k. It reported 64 employees.