First Workings Inc

Analysis

First Workings Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, First Workings Inc reported income of $341k and spending of $347k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $644k to $341k (-47%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 156%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First Workings Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Family Resource Network a Calif Non-Profit Public Benefit Corp ($341k), Cancer Kickers Soccer Club ($341k) and American Friends-International Young Israel Movement Inc ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $71k (20% of expenses). Other salaries and wages came to $131k. At year end it held assets of $46k against liabilities of $0, net assets of $46k. It reported 3 employees.