Worklife Partnership

Analysis

Worklife Partnership is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in December 2014, 12 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, Worklife Partnership reported income of $5.6m and spending of $5.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $5.6m (+169%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 76%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Worklife Partnership sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Greater New Bedford Workforce Investment Board Inc ($5.5m), Witco Inc ($5.6m) and Lift Orlando Inc ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $278k (5.1% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $3.2m against liabilities of $2.3m, net assets of $869k. It reported 39 employees.