Ecoworks

Analysis

Ecoworks is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 1982, 44 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 May 2023, Ecoworks reported income of $1.9m and spending of $1.6m, spending 83% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $1.4m to $1.9m (+33%), an average of +9.9% a year. The sharpest change came in the year to May 2022, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ecoworks sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Amesbury Gardens Tenants Association Inc ($1.9m), Leisure Acres Phase II Housing Corporation ($1.9m) and Metropolitan Milwaukee Fair Housing Council Inc ($1.9m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 62% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $18k (1.2% of expenses). Other salaries and wages came to $353k. At year end it held assets of $1.5m against liabilities of $991k, net assets of $471k. It reported 15 employees.