National Association of Workforce Boards

Analysis

National Association of Workforce Boards is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1980, 46 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 September 2023, National Association of Workforce Boards reported income of $3.3m and spending of $3.4m, spending 101% of its income. Across the 6 years on record, from June 2019 to September 2023, income grew from $2.3m to $3.3m (+46%), an average of +7.9% a year. The sharpest change came in the year to September 2023, when income rose by 681%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Association of Workforce Boards sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 74th percentile within DC. Charities of a similar size with the same main cause include Oakland LGBTQ Community Center Inc ($3.3m), Imperial County Work Training Center Incorporated ($3.3m) and CCRC Inc ($3.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $338k (10% of expenses). Other salaries and wages came to $531k. At year end it held assets of $1.8m against liabilities of $1.8m, net assets of $20k. It reported 12 employees.