Alamo Workforce Development Inc

Analysis

Alamo Workforce Development Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in October 1994, 32 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 September 2023, Alamo Workforce Development Inc reported income of $152.6m and spending of $152.8m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $94.9m to $152.6m (+61%), an average of +13% a year. The sharpest change came in the year to September 2020, 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, Alamo Workforce Development Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Servicesource Inc ($152.4m), Food Bank for New York City ($164.3m) and Wayne-Metropolitan Community Action Agency ($143.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $452k (0.3% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $31.3m against liabilities of $30.9m, net assets of $406k. It reported 58 employees.