Workforce Solutions for South Texas

Analysis

Workforce Solutions for South Texas is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in June 1999, 27 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 2024, Workforce Solutions for South Texas reported income of $27.6m and spending of $27.6m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $16.8m to $27.6m (+64%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 32%. 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 Solutions for South Texas sits at the 99th 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 98th percentile within TX. Charities of a similar size with the same main cause include Opportunity Partners Inc ($27.6m), CDC Small Business Finance Corp ($27.6m) and International Union of Operating Engineers National Training Fund ($27.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $871k. At year end it held assets of $3.4m against liabilities of $3.4m, net assets of -$53k. It reported 12 employees.