Southcentral Workforce Investment Board

Analysis

Southcentral Workforce Investment Board is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in November 2003, 23 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, Southcentral Workforce Investment Board reported income of $15.9m and spending of $15.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.9m to $15.9m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southcentral Workforce Investment Board sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Inner-City Muslim Action Network ($15.9m), North Bay Rehabilitation Services ($16.0m) and 4mycity Inc ($15.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $318k (2.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $9.7m against liabilities of $8.5m, net assets of $1.2m. It reported 25 employees.