Southwestern Oregon Workforce Investment Board

Analysis

Southwestern Oregon Workforce Investment Board is a registered charity in United States, based in Coos Bay, OR. It received its IRS tax-exemption ruling in August 2015, 11 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, Southwestern Oregon Workforce Investment Board reported income of $9.0m and spending of $8.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $9.0m (+233%), an average of +35% a year. The sharpest change came in the year to June 2021, when income rose by 157%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southwestern Oregon Workforce Investment Board sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OR. Charities of a similar size with the same main cause include Hungry Hill Community Development Corporation ($9.0m), Goodwill Industries of Acadiana Inc ($9.0m) and Ability Counts Inc ($9.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $371k (4.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.9m against liabilities of $1.3m, net assets of $1.6m. It reported 24 employees.