The Works

Analysis

The Works is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in November 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, The Works reported income of $1.3m and spending of $1.3m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $1.3m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to September 2020, when income dropped by 32%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Works sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include New York Stage and Film Company Inc ($1.3m), Stella Adler Theatre ($1.3m) and Jungle Theatre ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 48% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $135k (10% of expenses). Other salaries and wages came to $602k. At year end it held assets of $3.1m against liabilities of $2.1m, net assets of $1.0m. It reported 35 employees.