Pasco-Hernando Workforce Board Inc

Analysis

Pasco-Hernando Workforce Board Inc is a registered charity in United States, based in Brooksville, FL. It received its IRS tax-exemption ruling in January 2000, 26 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, Pasco-Hernando Workforce Board Inc reported income of $9.8m and spending of $9.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.4m to $9.8m (-5.0%), an average of -1.3% a year. The sharpest change came in the year to June 2022, when income dropped by 21%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pasco-Hernando Workforce Board Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Jaars Inc ($9.8m), Telegraph Hill Neighborhood Association ($9.9m) and Tri-Valley Developmental Services ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $640k (6.6% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $3.6m against liabilities of $2.3m, net assets of $1.3m. It reported 72 employees.