Greater Louisville Workforce Investment Board

Analysis

Greater Louisville Workforce Investment Board is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in November 2015, 11 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, Greater Louisville Workforce Investment Board reported income of $11.5m and spending of $11.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.5m to $11.5m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2023, when income rose by 18%. 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, Greater Louisville Workforce Investment Board sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Southern Indiana Resource Solutions Inc ($11.5m), Goodwill Industries of Lubbock Inc ($11.5m) and Faith in Action Network ($11.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5.2m against liabilities of $5.2m, net assets of $0.