Northwest Michigan Works Inc

Analysis

Northwest Michigan Works Inc is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in November 1977, 49 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 September 2023, Northwest Michigan Works Inc reported income of $5.2m and spending of $5.3m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.7m to $5.2m (+40%), an average of +8.8% a year. The sharpest change came in the year to September 2022, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northwest Michigan Works Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Opportunities Unlimited Incorporated ($5.2m), Stationary Engineers & Participating Employers Pre Appren ($5.3m) and Carenet Inc ($5.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $1.9m against liabilities of $671k, net assets of $1.2m. It reported 104 employees.