Bay Consortium Workforce Investment Board

Analysis

Bay Consortium Workforce Investment Board is a registered charity in United States, based in Warsaw, VA. It received its IRS tax-exemption ruling in August 1992, 34 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 2024, Bay Consortium Workforce Investment Board reported income of $2.2m and spending of $2.1m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.1m to $2.2m (+2.7%), an average of +0.5% a year. The sharpest change came in the year to June 2023, when income rose by 43%. 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, Bay Consortium Workforce Investment Board 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 87th percentile within VA. Charities of a similar size with the same main cause include Elk Valley Public Improvement Corporation ($2.2m), Michigan Job Training Partnership ($2.2m) and Fresno Works Inc ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% and program service revenue 13% of the total. Other salaries and wages came to $523k. At year end it held assets of $1.5m against liabilities of $1.6m, net assets of -$124k. It reported 7 employees.