Workabilities Inc

Analysis

Workabilities Inc is a registered charity in United States, based in Golden Valley, MN. It received its IRS tax-exemption ruling in May 1975, 51 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, Workabilities Inc reported income of $6.4m and spending of $5.9m, spending 92% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $5.1m to $6.4m (+26%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 165%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Workabilities Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Pacific Northwest Gigapop ($6.4m), Spectrum Designs Foundation Ltd ($6.4m) and Orange Country Conservation Corps ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $127k (2.2% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $7.0m against liabilities of $534k, net assets of $6.4m. It reported 227 employees.