North Florida Workforce Development Board Inc NFWDB

Analysis

North Florida Workforce Development Board Inc NFWDB is a registered charity in United States, based in Madison, FL. It received its IRS tax-exemption ruling in December 2001, 25 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, North Florida Workforce Development Board Inc NFWDB reported income of $1.8m and spending of $1.8m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $1.8m (-14%), an average of -3.6% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North Florida Workforce Development Board Inc NFWDB sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Technical Assistance Corp ($1.8m), Advertising Women of New York Foundation Inc ($1.8m) and Bank Administration Institute ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $114k (6.2% of expenses). Other salaries and wages came to $557k. At year end it held assets of $633k against liabilities of $245k, net assets of $388k. It reported 32 employees.