Proworks Inc

Analysis

Proworks Inc is a registered charity in United States, based in Litchfield, MN. It received its IRS tax-exemption ruling in April 1976, 50 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, Proworks Inc reported income of $2.4m and spending of $1.8m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.4m (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Proworks Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Compassion United Inc ($2.4m), Big Brothers Big Sisters Foundation ($2.4m) and Urban Recipe Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $57k (3.1% of expenses). Other salaries and wages came to $863k. At year end it held assets of $2.4m against liabilities of $177k, net assets of $2.2m. It reported 105 employees.