Community Workforce Solutions Inc

Analysis

Community Workforce Solutions Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 1965, 61 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Community Workforce Solutions Inc reported income of $6.9m and spending of $6.3m, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.4m to $6.9m (+102%), an average of +15% a year. The sharpest change came in the year to June 2024, when income rose by 59%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Workforce Solutions Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Goodtemps Inc ($6.9m), Suncoast Workforce Board Inc ($6.9m) and Gtia Foundation Inc ($6.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $133k (2.1% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $7.8m against liabilities of $2.4m, net assets of $5.4m. It reported 171 employees.