Workforce Development Council Board

Analysis

Workforce Development Council Board is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in May 1977, 49 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 2023, Workforce Development Council Board reported income of $3.8m and spending of $3.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $3.8m (+3.6%), an average of +0.9% a year. The sharpest change came in the year to June 2021, when income dropped by 15%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Workforce Development Council Board sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Samaritan Incorporated ($3.8m), Dayton Region New Market Fund LLC ($3.8m) and 1231-1235 Good Hope Road Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $228k (6.1% of expenses). Other salaries and wages came to $708k. At year end it held assets of $3.7m against liabilities of $3.2m, net assets of $498k. It reported 40 employees.