Works in Progress NYC

Analysis

Works in Progress NYC is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2004, 22 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 December 2023, Works in Progress NYC reported income of $871k and spending of $960k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $796k to $871k (+9.4%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Works in Progress NYC sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Stagehands Local Union No Two Journeymen & Apprentice Training F ($871k), New Horizon School and Learning Center ($871k) and Ambleside of the Willamette Valley ($871k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $93k (9.7% of expenses). Other salaries and wages came to $288k. At year end it held assets of $424k against liabilities of $379k, net assets of $45k. It reported 11 employees.