Work2future Foundation

Analysis

Work2future Foundation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in November 2011, 15 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 June 2023, Work2future Foundation reported income of $193k and spending of $214k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.6m to $193k (-96%), an average of -55% a year. The sharpest change came in the year to June 2020, when income dropped by 86%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Work2future Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include International Association of Heat & Frost Insulators and Allied Worker ($193k), Pi Shop ($193k) and Beltzhoover Apartments Inc ($193k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 143% and program service revenue 1.6% of the total. At year end it held assets of $149k against liabilities of $8,532, net assets of $140k.

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.