Southeast Texas Workforce

Analysis

Southeast Texas Workforce is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Southeast Texas Workforce reported income of $30.1m and spending of $30.0m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $20.8m to $30.1m (+45%), an average of +9.7% a year. The sharpest change came in the year to August 2022, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southeast Texas Workforce sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Help of Southern Nevada ($30.1m), Young Mens Christian Association of Greater Tulsa ($30.2m) and Center for Aging Inc ($30.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $277k (0.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $7.6m against liabilities of $6.7m, net assets of $945k.