Workforce Solutions Borderplex Inc

Analysis

Workforce Solutions Borderplex Inc is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in September 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 September 2023, Workforce Solutions Borderplex Inc reported income of $71.0m and spending of $71.0m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $46.8m to $71.0m (+52%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 27%. 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 Borderplex 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 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Urban Alchemy ($70.3m), Worksource Greater Austin Area Workforce Board ($72.0m) and Community Action Kentucky Inc ($69.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $392k (0.6% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $9.6m against liabilities of $9.8m, net assets of -$213k. It reported 59 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.