Workforce Essentials Inc

Analysis

Workforce Essentials Inc is a registered charity in United States, based in Clarksville, TN. It received its IRS tax-exemption ruling in September 1992, 34 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 Essentials Inc reported income of $10.6m and spending of $10.5m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $12.9m to $10.6m (-18%), an average of -6.4% a year. The sharpest change came in the year to June 2022, when income dropped by 33%. 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, Workforce Essentials 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 TN. Charities of a similar size with the same main cause include Crosspurpose ($10.6m), Saw Inc ($10.6m) and Rural Minnesota Cep Inc ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 44% of the total. Other salaries and wages came to $5.5m. At year end it held assets of $30.3m against liabilities of $565k, net assets of $29.7m. It reported 251 employees.