First Coast Workforce Development Inc

Analysis

First Coast Workforce Development Inc is a registered charity in United States, based in Orange Park, FL. It received its IRS tax-exemption ruling in September 1999, 27 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, First Coast Workforce Development Inc reported income of $18.1m and spending of $18.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $19.0m to $18.1m (-4.6%), an average of -1.2% a year. The sharpest change came in the year to June 2020, when income dropped by 18%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, First Coast Workforce Development Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Home at Last Community Development Corporation ($18.1m), Manufacturing Advocacy & Growth Network Inc ($18.1m) and National Center for Construction Education Research ($18.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. At year end it held assets of $5.9m against liabilities of $5.1m, net assets of $788k.

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.