Eworks Electronics Services Inc

Analysis

Eworks Electronics Services Inc is a registered charity in United States, based in Freeport, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eworks Electronics Services Inc reported income of $4.9m and spending of $4.6m, spending 94% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $4.3m to $4.9m (+14%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eworks Electronics Services 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 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Avail NYC ($4.9m), Cornerstone Assistance Network Inc ($4.9m) and Ashe Services for Aging Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 60% of the total. Compensation of current officers, directors and key employees was $200k (4.4% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.2m against liabilities of $5.3m, net assets of -$1.1m. It reported 71 employees.