Jobworks Inc

Analysis

Jobworks Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in July 1987, 39 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 June 2023, Jobworks Inc reported income of $14.5m and spending of $14.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.9m to $14.5m (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2021, when income rose by 33%. 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, Jobworks Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Marshall Project Inc ($14.5m), 34th Street Partnership Inc ($14.5m) and True North Goodwill Northern Minnesota and Northwestern Wiscons ($14.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $499k (3.4% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $3.9m against liabilities of $2.1m, net assets of $1.8m. It reported 567 employees.