Concho Valley Workforce Development Board

Analysis

Concho Valley Workforce Development Board is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in March 2001, 25 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, Concho Valley Workforce Development Board reported income of $8.3m and spending of $8.2m, spending 98% of its income. Across the 5 years on record, from August 2019 to September 2023, income grew from $6.9m to $8.3m (+20%), an average of +4.7% a year. The sharpest change came in the year to September 2022, when income rose by 2343%. 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, Concho Valley Workforce Development Board sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Park Center ($8.3m), Angels for Angels ($8.3m) and Pinellas Public Library Cooperative Inc ($8.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $628k. At year end it held assets of $1.3m against liabilities of $1.3m, net assets of -$1,663. It reported 13 employees.