Work Plus Incorporated

Analysis

Work Plus Incorporated is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in May 1986, 40 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 December 2023, Work Plus Incorporated reported income of $602k and spending of $662k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $921k to $602k (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Work Plus Incorporated sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within WI. Charities of a similar size with the same main cause include South Side Quarter Development ($601k), Thrive Santa Ana ($602k) and Ce12 Foundation ($601k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $119k (18% of expenses). Other salaries and wages came to $347k. At year end it held assets of $1.0m against liabilities of $382k, net assets of $659k. It reported 13 employees.