Upper Shore Workforce Investment Board Inc

Analysis

Upper Shore Workforce Investment Board Inc is a registered charity in United States, based in Wye Mills, MD. It received its IRS tax-exemption ruling in February 1988, 38 years ago. 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 2024, Upper Shore Workforce Investment Board Inc reported income of $2.3m and spending of $2.3m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $2.3m (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Upper Shore Workforce Investment Board Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Staten Island Historical Society Inc ($2.3m), Women & Childrens Free Restaurant & Community Kitchen ($2.3m) and National Museum of Transportation ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $137k (5.8% of expenses). Other salaries and wages came to $629k. At year end it held assets of $498k against liabilities of $493k, net assets of $5,574. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.