Work Incorporated

Analysis

Work Incorporated is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in February 1971, 55 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Work Incorporated reported income of $47.4m and spending of $46.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $36.1m to $47.4m (+31%), an average of +7.1% a year. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Work Incorporated sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Goodwill of the Great Plains ($47.4m), Operation Homefront Inc ($47.5m) and South Texas Food Bank ($47.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $1.2m (2.5% of expenses). Other salaries and wages came to $26.9m. At year end it held assets of $48.4m against liabilities of $8.4m, net assets of $40.0m. It reported 647 employees.