Benton Franklin Workforce Development Council

Analysis

Benton Franklin Workforce Development Council is a registered charity in United States, based in Kennewick, WA. It received its IRS tax-exemption ruling in July 1984, 42 years ago. 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, Benton Franklin Workforce Development Council reported income of $5.1m and spending of $5.1m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.8m to $5.1m (+35%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Benton Franklin Workforce Development Council 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 WA. Charities of a similar size with the same main cause include Fairview Volunteer Fire Department Incorporated Buncombe County ($5.1m), University of NC Chapel Hill Public Health Foundation Inc ($5.1m) and Rainbow School ($5.1m).

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 $254k (4.9% of expenses). Other salaries and wages came to $585k. At year end it held assets of $1.1m against liabilities of $998k, net assets of $100k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.