The Workplace Inc

Analysis

The Workplace Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in April 1984, 42 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 June 2023, The Workplace Inc reported income of $32.0m and spending of $32.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $38.8m to $32.0m (-17%), an average of -4.7% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Workplace Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include Mdi Commercial Services ($31.7m), Craft3 ($32.1m) and Chinese American Service League Inc ($31.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $550k (1.7% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $10.5m against liabilities of $9.9m, net assets of $621k. It reported 1,538 employees.