Susquehanna Workforce Network Inc

Analysis

Susquehanna Workforce Network Inc is a registered charity in United States, based in Hvre de Grace, MD. It received its IRS tax-exemption ruling in January 1984, 42 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, Susquehanna Workforce Network Inc reported income of $2.9m and spending of $2.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $2.9m (+1.4%), an average of +0.3% a year. 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, Susquehanna Workforce Network Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Greater Baybrook Alliance Inc ($2.9m), Delaware Prosperity Partnership Inc ($2.9m) and Pro Inspire ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $71k (2.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.4m against liabilities of $1.6m, net assets of $874k. It reported 104 employees.