Northern Middle Tennessee Local Workforce Development Board Inc

Analysis

Northern Middle Tennessee Local Workforce Development Board Inc is a registered charity in United States, based in Clarksville, TN. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Northern Middle Tennessee Local Workforce Development Board Inc reported income of $12.4m and spending of $12.4m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $12.5m to $12.4m (-0.6%), an average of -0.2% a year. The sharpest change came in the year to June 2022, when income dropped by 21%. 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, Northern Middle Tennessee Local Workforce Development Board Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include National Community Reinvestment Coalition Inc ($12.4m), San Francisco Lesbian Gay Bisexual Transgender Community Center ($12.5m) and Powerswitch Action ($12.4m).

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 $406k. At year end it held assets of $3.5m against liabilities of $3.3m, net assets of $193k. It reported 34 employees.