The Workshop

Analysis

The Workshop is a registered charity in United States, based in Galena, IL. It received its IRS tax-exemption ruling in August 1979, 47 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, The Workshop reported income of $1.9m and spending of $2.1m, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.4m to $1.9m (-23%), an average of -8.4% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Workshop sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Regency Broadway Properties Inc ($1.8m), New North Inc ($1.9m) and Charles County Charitable Trust Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $69k (3.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $7.8m against liabilities of $124k, net assets of $7.7m. It reported 127 employees.