Workfirst Foundation

Analysis

Workfirst Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2006, 20 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, Workfirst Foundation reported income of $528k and spending of $612k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $750k to $528k (-30%), an average of -8.4% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Workfirst Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Clarion Blueprint Community ($528k), Friends of Downtown ($528k) and Smart City Works Inc ($528k).

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 $40k (6.5% of expenses). At year end it held assets of $202k against liabilities of $134k, net assets of $68k. It reported 1 employees.