Region Iii Workforce Investment Board Of Kanawha County
EIN: 550775565 · Charleston, WV · NTEE: J20
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $3.4M |
| Net Assets | $56K |
Is Region Iii Workforce Investment Board Of Kanawha County Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Region Iii Workforce Investment Board Of Kanawha County
Region Iii Workforce Investment Board Of Kanawha County (EIN: 550775565) is a nonprofit organization based in Charleston, WV, classified under NTEE code J20. The organization reported total revenue of $1.6M and total assets of $561K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Region Iii Workforce Investment Board Of Kanawha County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Region Iii Workforce Investment Board Of Kanawha County is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-19,347 |
| Total Assets | $651K |
| Total Liabilities | $595K |
| Net Assets | $56K |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 91.4% |
| Months of Reserves | 2.3 months |
Financial Health Grade: D
In 2023, Region Iii Workforce Investment Board Of Kanawha County reported a deficit of $19K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 91.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Region Iii Workforce Investment Board Of Kanawha County's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.4% | +9.5% | +636.0% |
| 2022 | +82.8% | +108.9% | -44.1% |
| 2021 | +1.5% | +1.5% | +133.0% |
| 2020 | +41.5% | +41.5% | -35.9% |
| 2019 | -7.7% | -7.7% | -26.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Region Iii Workforce Investment Board Of Kanawha County has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Region Iii Workforce Investment Board Of Kanawha County with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 91.4%.
Frequently Asked Questions about Region Iii Workforce Investment Board Of Kanawha County
Is Region Iii Workforce Investment Board Of Kanawha County a legitimate charity?
Based on AI analysis of IRS 990 filings, Region Iii Workforce Investment Board Of Kanawha County (EIN: 550775565) insufficient data. 0 red flags identified, 0 strengths noted.
How does Region Iii Workforce Investment Board Of Kanawha County spend its money?
Detailed spending breakdown data is not yet available for Region Iii Workforce Investment Board Of Kanawha County. Check back for updated IRS 990 analysis.
Are donations to Region Iii Workforce Investment Board Of Kanawha County tax-deductible?
Region Iii Workforce Investment Board Of Kanawha County is registered as a tax-exempt nonprofit (EIN: 550775565). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Region Iii Workforce Investment Board Of Kanawha County located?
Region Iii Workforce Investment Board Of Kanawha County is headquartered in Charleston, West Virginia and files with the IRS under EIN 550775565. It is classified under NTEE code J20.
How many years of IRS 990 filings does Region Iii Workforce Investment Board Of Kanawha County have?
Region Iii Workforce Investment Board Of Kanawha County has 13 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 $1.6M in total revenue.
Filing History
IRS 990 filing history for Region Iii Workforce Investment Board Of Kanawha County showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Region Iii Workforce Investment Board Of Kanawha County's revenue has grown by 107.1%, moving from $1.6M to $3.3M. Total assets increased by 217.9% over the same period, from $205K to $651K. Total functional expenses rose by 110.5%, from $1.6M to $3.4M. In its most recent filing year (2023), Region Iii Workforce Investment Board Of Kanawha County reported a deficit of $19K, with expenses exceeding revenue. The organization holds $595K in liabilities against $651K in assets (debt-to-asset ratio: 91.4%), resulting in net assets of $56K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.4M | $651K | $595K | — | View 990 |
| 2022 | $2.7M | $3.1M | $88K | $414K | — | View 990 |
| 2021 | $1.5M | $1.5M | $158K | $138K | — | View 990 |
| 2020 | $1.4M | $1.4M | $68K | $48K | — | View 990 |
| 2019 | $1.0M | $1.0M | $106K | $86K | — | View 990 |
| 2018 | $1.1M | $1.1M | $143K | $124K | — | View 990 |
| 2017 | $992K | $992K | $107K | $88K | — | View 990 |
| 2016 | $948K | $948K | $136K | $117K | — | View 990 |
| 2015 | $801K | $801K | $83K | $63K | — | View 990 |
| 2014 | $851K | $851K | $104K | $85K | — | View 990 |
| 2013 | $1.0M | $1.0M | $68K | $48K | — | View 990 |
| 2012 | $1.6M | $1.6M | $96K | $85K | — | View 990 |
| 2011 | $1.6M | $1.6M | $205K | $188K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.4M, and assets of $651K (revenue +24.4% year-over-year).
- 2022: Revenue of $2.7M, expenses of $3.1M, and assets of $88K (revenue +82.8% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.5M, and assets of $158K (revenue +1.5% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $68K (revenue +41.5% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.0M, and assets of $106K (revenue -7.7% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $143K (revenue +11.4% year-over-year).
- 2017: Revenue of $992K, expenses of $992K, and assets of $107K (revenue +4.6% year-over-year).
- 2016: Revenue of $948K, expenses of $948K, and assets of $136K (revenue +18.3% year-over-year).
- 2015: Revenue of $801K, expenses of $801K, and assets of $83K (revenue -5.9% year-over-year).
- 2014: Revenue of $851K, expenses of $851K, and assets of $104K (revenue -18.0% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.0M, and assets of $68K (revenue -33.7% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $96K (revenue -2.6% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.6M, and assets of $205K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Region Iii Workforce Investment Board Of Kanawha County:
Data Sources and Methodology
This transparency report for Region Iii Workforce Investment Board Of Kanawha County 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.