Madera County Workforce Investment Corporation

Analysis

Madera County Workforce Investment Corporation is a registered charity in United States, based in Madera, CA. It received its IRS tax-exemption ruling in August 2012, 14 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, Madera County Workforce Investment Corporation reported income of $3.1m and spending of $3.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.5m to $3.1m (-11%), an average of -3.0% a year. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Madera County Workforce Investment Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Westcare Arizona I Inc ($3.1m), Portage Industries Inc ($3.1m) and Pilipino Workers Center of Southern ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $361k (12% of expenses). Other salaries and wages came to $940k. At year end it held assets of $3.6m against liabilities of $3.0m, net assets of $683k. It reported 29 employees.