Central Workforce Development

Analysis

Central Workforce Development is a registered charity in United States, based in Rolla, MO. It received its IRS tax-exemption ruling in February 2003, 23 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, Central Workforce Development reported income of $2.9m and spending of $2.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $2.9m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2020, when income dropped by 26%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Central Workforce Development sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MO. Charities of a similar size with the same main cause include Baldwin Community and Economic Development Foundation ($2.9m), Workforce Connections Inc ($2.9m) and Construction Industry Training TR ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $165k (5.7% of expenses). Other salaries and wages came to $279k. At year end it held assets of $289k against liabilities of $167k, net assets of $123k. It reported 8 employees.