Teenworks Inc

Analysis

Teenworks Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 2024, 2 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, Teenworks Inc reported income of $3.5m and spending of $3.0m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.5m (+54%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Teenworks Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Stanislaus Equity Partners Inc ($3.5m), TCK Providence Inc ($3.5m) and East Harlem Council for Community Improvement Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $285k (9.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.9m against liabilities of $159k, net assets of $2.7m. It reported 511 employees.