Solutions at Work Inc

Analysis

Solutions at Work Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2021, Solutions at Work Inc reported income of $3.2m and spending of $2.9m, spending 90% of its income. Across the 2 years on record, from December 2020 to December 2021, income grew from $372k to $3.2m (+768%), an average of +768% a year. The sharpest change came in the year to December 2021, when income rose by 768%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Solutions at Work Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include California Spectrum Care Inc ($3.2m), North Anoka County Emergency Foodshelf ($3.2m) and Galveston Urban Ministries ($3.2m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 97% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $102k (3.5% of expenses). Other salaries and wages came to $656k. At year end it held assets of $699k against liabilities of $317k, net assets of $382k. It reported 30 employees.