Myworkforcefuture Inc

Analysis

Myworkforcefuture Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in July 2020, 6 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 2024, Myworkforcefuture Inc reported income of $85k and spending of $57k, leaving 33% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $150k to $85k (-44%), an average of -44% a year. The sharpest change came in the year to June 2024, when income dropped by 44%. Over the whole period it spent 113% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Myworkforcefuture Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within KY. Charities of a similar size with the same main cause include Love Your Labels Incorporated ($85k), Jack Langerman Community Foundation Inc ($85k) and Crowley Main Street ($85k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.