Lat Workforce Investment Board Inc

Analysis

Lat Workforce Investment Board Inc is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in April 2002, 24 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, Lat Workforce Investment Board Inc reported income of $1.8m and spending of $1.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.8m (+15%), an average of +3.6% 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, Lat Workforce Investment Board Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within LA. Charities of a similar size with the same main cause include Sfmade ($1.8m), Live6 Alliance ($1.8m) and Align the Alliance for a Greater Ny Inc ($1.8m).

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 $87k (4.7% of expenses). Other salaries and wages came to $61k. At year end it held assets of $197k against liabilities of $153k, net assets of $44k. It reported 2 employees.