Workshops Inc

Analysis

Workshops Inc is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in April 1969, 57 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 December 2023, Workshops Inc reported income of $7.1m and spending of $7.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.5m to $7.1m (-6.3%), an average of -1.6% a year. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Workshops Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Vermont Association of Business Industry & Rehabilitation Inc ($7.1m), South Central Kansas Economic Development District Inc Sckedd ($7.1m) and Richland Newhope Industries Inc ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $177k (2.4% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $5.5m against liabilities of $367k, net assets of $5.1m. It reported 411 employees.