Columbus Works Inc

Analysis

Columbus Works Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Columbus Works Inc reported income of $503k and spending of $583k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $472k to $503k (+6.6%), an average of +1.6% a year. The sharpest change came in the year to December 2020, when income rose by 61%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Columbus Works Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include Tov Latet Inc ($503k), Medicine Lodge Daycare Inc ($503k) and Summersun Montessori ($503k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $97k (17% of expenses). Other salaries and wages came to $304k. At year end it held assets of $6,840 against liabilities of $33k, net assets of -$26k. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.