Berks Latino Workforce Development Corporation

Analysis

Berks Latino Workforce Development Corporation is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in May 2020, 6 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, Berks Latino Workforce Development Corporation reported income of $1.3m and spending of $831k, leaving 35% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $451k to $1.3m (+182%), an average of +68% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Berks Latino Workforce Development Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include San Luis Coastal Education Foundation ($1.3m), Red Bridge Education ($1.3m) and Que Tal Language Program ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $89k (11% of expenses). Other salaries and wages came to $226k. At year end it held assets of $3.7m against liabilities of $2.5m, net assets of $1.2m. It reported 15 employees.