Local Area 1 Workforce Investment Board Inc

Analysis

Local Area 1 Workforce Investment Board Inc is a registered charity in United States, based in Salina, KS. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Local Area 1 Workforce Investment Board Inc reported income of $2.2m and spending of $2.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $2.2m (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Local Area 1 Workforce Investment Board Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within KS. Charities of a similar size with the same main cause include St Vincent de Paul Housing Facilities Inc ($2.2m), Meals on Wheels of the Palm Beaches Inc ($2.2m) and Nebraska Domestic Violence Sexual Assault Coalition ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $329k (15% of expenses). Other salaries and wages came to $918k. At year end it held assets of $573k against liabilities of $567k, net assets of $5,959. It reported 26 employees.