Southern Workforce Board Incorporated

Analysis

Southern Workforce Board Incorporated is a registered charity in United States, based in Durant, OK. It received its IRS tax-exemption ruling in June 2013, 13 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 2022, Southern Workforce Board Incorporated reported income of $5.9m and spending of $5.9m, spending 100% of its income. Across the 3 years on record, from June 2020 to June 2022, income grew from $4.2m to $5.9m (+42%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southern Workforce Board Incorporated sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within OK. Charities of a similar size with the same main cause include Central Oklahoma Economic Development District ($5.9m), Lark Enterprises Inc ($5.9m) and Evergreen Cooperative Corporation ($5.9m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $227k (3.8% of expenses). Other salaries and wages came to $560k. At year end it held assets of $1.0m against liabilities of $1.0m, net assets of -$13k. It reported 98 employees.