Central Ohio Workforce Investment Corporation
Central Ohio Workforce Investment Corporation's revenue has declined by 75% over six years, with recent deficit spending.
EIN: 201175160 · Columbus, OH · NTEE: W02 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $4.5M |
| Program Spending | 80% |
| Net Assets | $240K |
| Transparency Score | 65/100 |
Is Central Ohio Workforce Investment Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central Ohio Workforce Investment Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central Ohio Workforce Investment Corporation
Central Ohio Workforce Investment Corporation (EIN: 201175160) is a nonprofit organization based in Columbus, OH, classified under NTEE code W02. The organization reported total revenue of $3.6M and total assets of $240K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Ohio Workforce Investment Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Ohio Workforce Investment Corporation is a mid-size nonprofit that has been operating for 21 years, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of -20.6%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $4.5M |
| Surplus / Deficit | $-932,430 |
| Total Assets | $240K |
| Net Assets | $240K |
| Operating Margin | -26.0% |
| Months of Reserves | 0.6 months |
Financial Health Grade: C
In 2017, Central Ohio Workforce Investment Corporation reported a deficit of $932K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited).
Financial Trends
Over 7 years of filings (2011–2017), Central Ohio Workforce Investment Corporation's revenue has declined at a compound annual growth rate (CAGR) of -20.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -54.6% | -44.9% | -79.6% |
| 2016 | -36.5% | -32.1% | -20.3% |
| 2015 | +24.1% | +20.0% | +32.0% |
| 2014 | -4.5% | +6.5% | +3.5% |
| 2013 | +21.5% | +7.2% | +611.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Central Ohio Workforce Investment Corporation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Central Ohio Workforce Investment Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $932K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is unusual for an organization of this size and suggests either a fully volunteer executive team or that compensation is categorized differently, requiring further scrutiny.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Central Ohio Workforce Investment Corporation's IRS 990 filings:
- Significant and consistent decline in revenue over multiple years (from $14.3M in 2011 to $3.5M in 2017).
- Expenses exceeded revenue by nearly $1 million in the most recent filing (2017), indicating deficit spending.
- Dramatic decrease in assets from $1,171,983 in 2016 to $239,553 in 2017, potentially used to cover deficit.
- Unusually consistent 0% officer compensation reported, which may obscure actual executive remuneration.
Strengths
The following positive indicators were identified for Central Ohio Workforce Investment Corporation:
- Consistent filing of IRS Form 990s, demonstrating transparency in reporting.
- No reported liabilities in the most recent three filings (2015-2017), indicating a debt-free balance sheet.
- Long operational history with seven years of available filings.
Frequently Asked Questions about Central Ohio Workforce Investment Corporation
Is Central Ohio Workforce Investment Corporation a legitimate charity?
Central Ohio Workforce Investment Corporation (EIN: 201175160) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 65/100. It has 7 years of IRS 990 filings on record. Total revenue: $3.6M. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does Central Ohio Workforce Investment Corporation spend its money?
Central Ohio Workforce Investment Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Central Ohio Workforce Investment Corporation tax-deductible?
Central Ohio Workforce Investment Corporation is registered as a tax-exempt nonprofit (EIN: 201175160). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Central Ohio Workforce Investment Corporation's spending goes to programs?
Central Ohio Workforce Investment Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Central Ohio Workforce Investment Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Central Ohio Workforce Investment Corporation is above average for NTEE category W02 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Central Ohio Workforce Investment Corporation located?
Central Ohio Workforce Investment Corporation is headquartered in Columbus, Ohio and files with the IRS under EIN 201175160. It is classified under NTEE code W02.
How many years of IRS 990 filings does Central Ohio Workforce Investment Corporation have?
Central Ohio Workforce Investment Corporation has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.6M in total revenue.
Why has Central Ohio Workforce Investment Corporation's revenue decreased so significantly from $14.3 million in 2011 to $3.5 million in 2017?
The IRS 990 filings do not provide a narrative explanation for the substantial decline in revenue. This trend could be due to changes in funding sources, grant availability, or a strategic decision to scale down operations. Further investigation into their funding streams and operational reports would be necessary.
How is Central Ohio Workforce Investment Corporation funding its operations given that expenses exceeded revenue by nearly $1 million in 2017?
In 2017, expenses ($4,517,862) exceeded revenue ($3,585,432) by $932,430. This deficit spending could be covered by drawing down reserves (assets decreased from $1,171,983 in 2016 to $239,553 in 2017), or it could indicate a temporary funding gap. Consistent deficit spending is unsustainable.
What is the nature of the '0% Officer Comp' reported across all filings, and are executives compensated through other means?
The consistent reporting of 0% officer compensation is highly unusual for an organization managing millions in revenue. It suggests either that the organization is entirely run by unpaid volunteers at the executive level, or that executive compensation is reported under different line items (e.g., 'salaries and wages' for non-officer employees) or through related organizations, which would require a deeper dive into the full 990 forms.
Filing History
IRS 990 filing history for Central Ohio Workforce Investment Corporation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Central Ohio Workforce Investment Corporation's revenue has declined by 75%, moving from $14.3M to $3.6M. Total assets decreased by 93.2% over the same period, from $3.5M to $240K. Total functional expenses fell by 73.5%, from $17.0M to $4.5M. In its most recent filing year (2017), Central Ohio Workforce Investment Corporation reported a deficit of $932K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $3.6M | $4.5M | $240K | $0 | — | — |
| 2016 | $7.9M | $8.2M | $1.2M | $0 | — | View 990 |
| 2015 | $12.4M | $12.1M | $1.5M | $0 | — | View 990 |
| 2014 | $10.0M | $10.1M | $1.1M | $403K | — | View 990 |
| 2013 | $10.5M | $9.5M | $1.1M | $326K | — | View 990 |
| 2012 | $8.6M | $8.8M | $151K | $448K | — | View 990 |
| 2011 | $14.3M | $17.0M | $3.5M | $932K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $3.6M, expenses of $4.5M, and assets of $240K (revenue -54.6% year-over-year).
- 2016: Revenue of $7.9M, expenses of $8.2M, and assets of $1.2M (revenue -36.5% year-over-year).
- 2015: Revenue of $12.4M, expenses of $12.1M, and assets of $1.5M (revenue +24.1% year-over-year).
- 2014: Revenue of $10.0M, expenses of $10.1M, and assets of $1.1M (revenue -4.5% year-over-year).
- 2013: Revenue of $10.5M, expenses of $9.5M, and assets of $1.1M (revenue +21.5% year-over-year).
- 2012: Revenue of $8.6M, expenses of $8.8M, and assets of $151K (revenue -39.6% year-over-year).
- 2011: Revenue of $14.3M, expenses of $17.0M, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Ohio Workforce Investment Corporation:
Data Sources and Methodology
This transparency report for Central Ohio Workforce Investment Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.