Eastern Iowa Workforce Development Inc

Analysis

Eastern Iowa Workforce Development Inc is a registered charity in United States, based in W Burlington, IA. It received its IRS tax-exemption ruling in August 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Eastern Iowa Workforce Development Inc reported income of $3.3m and spending of $3.3m, spending 100% of its income. Across the 4 years on record, from December 2021 to June 2024, income grew from $3.1m to $3.3m (+7.6%), an average of +2.5% a year. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Eastern Iowa Workforce Development Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IA. Charities of a similar size with the same main cause include Hackdiversity Inc ($3.3m), Japanese American Citizens League ($3.3m) and Catholic Charities Regional Agency ($3.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $359k (11% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $937k against liabilities of $0, net assets of $937k. It reported 4 employees.