Southwest Florida Workforce Development Board Inc

Analysis

Southwest Florida Workforce Development Board Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in January 1998, 28 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, Southwest Florida Workforce Development Board Inc reported income of $12.8m and spending of $12.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.4m to $12.8m (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2023, when income rose by 25%. 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, Southwest Florida 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 FL. Charities of a similar size with the same main cause include Foundation for Sustainable Community ($12.7m), Digitalc ($12.8m) and Tehama County Opportunity Center Inc ($12.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $426k (3.4% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $5.6m against liabilities of $5.4m, net assets of $191k. It reported 73 employees.