Upper Cumberland Local Workforce Development Board Inc

Analysis

Upper Cumberland Local Workforce Development Board Inc is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in August 2019, 7 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, Upper Cumberland Local Workforce Development Board Inc reported income of $3.6m and spending of $3.5m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.5m to $3.6m (+42%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 33%. 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, Upper Cumberland Local Workforce Development Board Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include P33 ($3.6m), Newmarket Business Improvement District ($3.6m) and Business Employment Skills Team Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $141k (4.0% of expenses). Other salaries and wages came to $88k. At year end it held assets of $1.0m against liabilities of $936k, net assets of $100k. It reported 11 employees.