Smithville Workforce Training Center

Analysis

Smithville Workforce Training Center is a registered charity in United States, based in Smithville, TX. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Smithville Workforce Training Center reported income of $794k and spending of $870k, spending 110% of what it took in. Across the 2 years on record, from December 2021 to December 2023, income grew from $204k to $794k (+289%), an average of +289% a year. The sharpest change came in the year to December 2023, when income rose by 289%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Smithville Workforce Training Center sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Handprints Early Education Centers Inc ($793k), Friends of the Rafael Hernandez School Inc ($794k) and Waco Plumbers & Pipefitters Apprenticeship School ($793k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $554k. At year end it held assets of $118k against liabilities of $53k, net assets of $65k. It reported 14 employees.