Snohomish County Workforce Development Council

Analysis

Snohomish County Workforce Development Council is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Snohomish County Workforce Development Council reported income of $9.8m and spending of $9.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $9.8m (+51%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 692%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Snohomish County Workforce Development Council sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Grande Innovation Academy ($9.8m), Trinity Academy Inc ($9.8m) and Hollydell Inc ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $570k (5.8% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $5.3m against liabilities of $3.4m, net assets of $1.9m. It reported 40 employees.