Workforce Outsource Services Inc

Analysis

Workforce Outsource Services Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Workforce Outsource Services Inc reported income of $13.5m and spending of $14.4m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $15.1m to $13.5m (-11%), an average of -2.7% a year. The sharpest change came in the year to September 2022, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Workforce Outsource Services Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Southern Assoc of Colleges and Schools Commission on Colleges Inc ($13.5m), Philadelphia Electrical and Technology Charter High School ($13.5m) and American Youth Academy Inc ($13.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $546k (3.8% of expenses). Other salaries and wages came to $9.9m. At year end it held assets of $11.0m against liabilities of $2.8m, net assets of $8.2m. It reported 255 employees.