Workforce Escorsa Inc

Analysis

Workforce Escorsa Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in February 1997, 29 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, Workforce Escorsa Inc reported income of $5.6m and spending of $5.7m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $6.0m to $5.6m (-6.9%), an average of -2.3% a year. The sharpest change came in the year to June 2021, when income dropped by 30%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Workforce Escorsa Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Witco Inc ($5.6m), Society of Defense Financial Management ($5.6m) and Worklife Partnership ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $136k (2.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.9m against liabilities of $4.9m, net assets of -$49k. It reported 47 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.