Workers Education Society NFP

Analysis

Workers Education Society NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Workers Education Society NFP reported income of $115k and spending of $128k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $22k to $115k (+430%), an average of +430% a year. The sharpest change came in the year to December 2023, when income rose by 430%. Over the whole period it spent 127% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Workers Education Society NFP sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include United Partners - Pflugerville ($115k), Thrive 360 Ministries Inc ($115k) and Ms Solutions ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 8.2% of the total. Other salaries and wages came to $62k. At year end it held assets of $320k against liabilities of $86k, net assets of $234k.