Coastal Counties Workforce Inc

Analysis

Coastal Counties Workforce Inc is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in October 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, Coastal Counties Workforce Inc reported income of $4.5m and spending of $4.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $4.5m (+51%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 42%. 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, Coastal Counties Workforce Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within ME. Charities of a similar size with the same main cause include Southwestern West Virginia Region 2 Workforce Development Board Incorp ($4.5m), Lean Construction Institute Inc ($4.5m) and Nuestra Comunidad Development Corp ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $136k (3.0% of expenses). Other salaries and wages came to $226k. At year end it held assets of $252k against liabilities of $242k, net assets of $10k. It reported 6 employees.