The Workfaith Connection

Analysis

The Workfaith Connection is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, The Workfaith Connection reported income of $2.1m and spending of $3.3m, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $2.1m (-38%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Workfaith Connection sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Saisd Historic Preservation Corporation ($2.1m), Syracuse Economic Development Corporation ($2.1m) and Farmworker and Landscaper Advocacy Project ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $368k (11% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.5m against liabilities of $1.2m, net assets of $1.4m.