Northern Area Local Workforce Development Board

Analysis

Northern Area Local Workforce Development Board is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in February 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 December 2023, Northern Area Local Workforce Development Board reported income of $4.8m and spending of $4.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $4.8m (+6.8%), an average of +1.7% a year. The sharpest change came in the year to December 2022, when income rose by 35%. 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, Northern Area Local Workforce Development Board 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 93rd percentile within NM. Charities of a similar size with the same main cause include Entrust Community Services ($4.8m), Northern New England Employment Ser ($4.8m) and East Tampa Business Community Development Alliance Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $89k (1.9% of expenses). Other salaries and wages came to $225k. At year end it held assets of $217k against liabilities of $179k, net assets of $38k. It reported 231 employees.