Region III Workforce Investment Board of Kanawha County

Analysis

Region III Workforce Investment Board of Kanawha County is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in March 2001, 25 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, Region III Workforce Investment Board of Kanawha County reported income of $3.3m and spending of $3.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $3.3m (+226%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Region III Workforce Investment Board of Kanawha County 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 90th percentile within WV. Charities of a similar size with the same main cause include Uptown Dallas Inc ($3.3m), Oregon Tradeswomen Inc ($3.3m) and Lehigh Valley Economic Development Corporation ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $206k (6.1% of expenses). Other salaries and wages came to $476k. At year end it held assets of $651k against liabilities of $595k, net assets of $56k. It reported 18 employees.