West Kentucky Workforce Development Board

Analysis

West Kentucky Workforce Development Board is a registered charity in United States, based in Hopkinsville, KY. It received its IRS tax-exemption ruling in December 2017, 9 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, West Kentucky Workforce Development Board reported income of $4.0m and spending of $4.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $4.0m (+4.6%), an average of +1.1% 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, West Kentucky Workforce Development Board sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include Tzicatl Community Development Corporation ($4.0m), Verde ($4.0m) and Nacdc Financial Services Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $609k against liabilities of $609k, net assets of $0.