Workforce Training Associates

Analysis

Workforce Training Associates is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in March 2022, 4 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, Workforce Training Associates reported income of $632k and spending of $405k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $198k to $632k (+219%), an average of +219% a year. The sharpest change came in the year to December 2023, when income rose by 219%. Over the whole period it spent 54% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Workforce Training Associates sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within AZ. Charities of a similar size with the same main cause include Selectiva Charities Inc ($632k), Dress for Success Southern Nevada ($632k) and North Kohala Community Resource Center ($631k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $92k. At year end it held assets of $393k against liabilities of $21k, net assets of $372k.