Local Workforce Investment Area III Inc

Analysis

Local Workforce Investment Area III Inc is a registered charity in United States, based in Lenexa, KS. It received its IRS tax-exemption ruling in January 2004, 22 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, Local Workforce Investment Area III Inc reported income of $5.0m and spending of $4.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $5.0m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Local Workforce Investment Area III 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 92nd percentile, and in the 92nd percentile within KS. Charities of a similar size with the same main cause include Steelworkers Charitable and Educational Organization ($5.0m), Santa Cruz Training Programs Inc ($5.0m) and Destination Medical Center Economic Development Agency ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $150k (3.1% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $580k against liabilities of $312k, net assets of $268k. It reported 21 employees.