Suncoast Workforce Board Inc

Analysis

Suncoast Workforce Board Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in May 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, Suncoast Workforce Board Inc reported income of $6.9m and spending of $6.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $6.9m (+5.6%), an average of +1.4% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Suncoast Workforce Board 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 94th percentile within FL. Charities of a similar size with the same main cause include Community Workforce Solutions Inc ($6.9m), Opportunity Services Inc ($6.9m) and Goodtemps Inc ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $307k (4.5% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $1.3m against liabilities of $662k, net assets of $662k. It reported 152 employees.