Institute for Work and the Economy a Not-For-Profit Corporation

Analysis

Institute for Work and the Economy a Not-For-Profit Corporation is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, 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, Institute for Work and the Economy a Not-For-Profit Corporation reported income of $104k and spending of $103k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $104k (+83%), an average of +83% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Institute for Work and the Economy a Not-For-Profit Corporation 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 38th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include Wild Bird Charity ($104k), Yellow Springs Community Development Corporation ($104k) and Denison Service League ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $55k against liabilities of $93k, net assets of -$38k.