Working America Education Fund

Analysis

Working America Education Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2005, 21 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 June 2023, Working America Education Fund reported income of $8.4m and spending of $9.9m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $8.4m (+291%), an average of +41% a year. The sharpest change came in the year to June 2021, when income rose by 404%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Working America Education Fund sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 85th percentile within DC. Charities of a similar size with the same main cause include School Smart KC Inc ($8.4m), Shiloh Christian School ($8.4m) and Westport Library Assoc ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $75k (0.8% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $14.0m against liabilities of $9.1m, net assets of $4.9m. It reported 1 employees.