Workforce Development Board Sda-83 Inc

Analysis

Workforce Development Board Sda-83 Inc is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in December 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 Development Board Sda-83 Inc reported income of $2.4m and spending of $2.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.9m to $2.4m (-51%), an average of -16% a year. The sharpest change came in the year to June 2022, when income dropped by 32%. Over the whole period it spent 101% 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 Sda-83 Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within LA. Charities of a similar size with the same main cause include New Day Products Inc ($2.4m), Operating Engineers Affirmative Action Training Fund ($2.4m) and Rotary Charities of Traverse City ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $101k (4.3% of expenses). Other salaries and wages came to $787k. At year end it held assets of $604k against liabilities of $544k, net assets of $60k. It reported 83 employees.