Wtia Workforce Institute

Analysis

Wtia Workforce Institute is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in July 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 December 2023, Wtia Workforce Institute reported income of $17.5m and spending of $11.2m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.2m to $17.5m (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wtia Workforce Institute sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Foundation for Detroits Future ($17.5m), Ridc Regional Growth Fund ($17.5m) and Greater Northwest Kansas Community Foundation ($17.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $290k (2.6% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $10.8m against liabilities of $2.6m, net assets of $8.2m. It reported 30 employees.