Chipola Regional Workforce Development Planning Board Inc

Analysis

Chipola Regional Workforce Development Planning Board Inc is a registered charity in United States, based in Marianna, FL. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Chipola Regional Workforce Development Planning Board Inc reported income of $2.2m and spending of $2.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.0m to $2.2m (-56%), an average of -19% a year. The sharpest change came in the year to June 2022, when income dropped by 36%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chipola Regional Workforce Development Planning Board Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Forest Grove Community School ($2.2m), Vertex Partnership Academies Inc ($2.2m) and Hampton Library in Bridgehampton Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $245k (11% of expenses). Other salaries and wages came to $448k. At year end it held assets of $1.4m against liabilities of $992k, net assets of $424k. It reported 14 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.