New Haven Works Inc

Analysis

New Haven Works Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, New Haven Works Inc reported income of $974k and spending of $994k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $738k to $974k (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2021, when income rose by 60%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Haven Works Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include Daniel Christian School ($974k), Justice College ($975k) and Southwestern Association of Episcopal Schools Inc ($974k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $97k (9.8% of expenses). Other salaries and wages came to $540k. At year end it held assets of $492k against liabilities of $137k, net assets of $355k. It reported 15 employees.