Workshop in Business Opportunities Inc

Analysis

Workshop in Business Opportunities Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1968, 58 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Workshop in Business Opportunities Inc reported income of $161k and spending of $163k, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $175k to $161k (-7.8%), an average of -2.7% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Workshop in Business Opportunities Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Massachusetts Bay Railroad Enthusiasts Inc ($161k), Arlington Libraries Foundation Inc ($161k) and Amoskeag Rowing Club ($161k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $50k (30% of expenses). Other salaries and wages came to $42k. At year end it held assets of $68k against liabilities of $0, net assets of $68k. It reported 2 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.