Worksmith Institute

Analysis

Worksmith Institute is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 1996, 30 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, Worksmith Institute reported income of $502k and spending of $221k, leaving 56% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $522k to $502k (-3.8%), an average of -1.3% a year. The sharpest change came in the year to December 2023, when income rose by 590308%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Worksmith Institute sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Build Our Lives Together Inc ($502k), Southern Association of Student Financial Aid Administrators Inc ($502k) and Islamorada Foundation Inc ($501k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $320k against liabilities of $0, net assets of $320k.