Work Force Investment Board of the Southwest Region Inc

Analysis

Work Force Investment Board of the Southwest Region Inc is a registered charity in United States, based in Joplin, MO. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, 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, Work Force Investment Board of the Southwest Region Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.3m (-34%), an average of -9.8% a year. The sharpest change came in the year to June 2020, when income dropped by 21%. 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, Work Force Investment Board of the Southwest Region Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within MO. Charities of a similar size with the same main cause include Downtown Brattleboro Alliance Inc ($1.3m), Cook Inlet Counseling Inc ($1.3m) and Educational Programs Inspiring Communities Inc ($1.3m).

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 $78k (5.9% of expenses). Other salaries and wages came to $276k. At year end it held assets of $217k against liabilities of $136k, net assets of $81k. It reported 7 employees.