Workforce Development Board of Eastern Arkansas Inc

Analysis

Workforce Development Board of Eastern Arkansas Inc is a registered charity in United States, based in West Memphis, AR. It received its IRS tax-exemption ruling in July 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 2022, Workforce Development Board of Eastern Arkansas Inc reported income of $1.0m and spending of $1.0m, spending 100% of its income. Across the 4 years on record, from June 2019 to June 2022, income fell from $1.6m to $1.0m (-34%), an average of -13% a year. The sharpest change came in the year to June 2022, when income dropped by 44%. 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 Development Board of Eastern Arkansas Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within AR. Charities of a similar size with the same main cause include Coral Reef Research Foundation Inc ($1.0m), Juanita Sims Doty Foundation ($1.0m) and Pennsylvania Stands Up Institute ($1.0m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Other salaries and wages came to $648k. At year end it held assets of $106k against liabilities of $77k, net assets of $29k. It reported 48 employees.