Working Credit NFP

Analysis

Working Credit NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Working Credit NFP reported income of $2.1m and spending of $1.9m, spending 92% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $895k to $2.1m (+132%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 168%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Working Credit NFP sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Memorable Moments Youth Development Program Inc ($2.1m), Harvard Community Services Center ($2.1m) and Crisis Center of Anderson and Cherokee Counties ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $152k (8.0% of expenses). Other salaries and wages came to $977k. At year end it held assets of $847k against liabilities of $121k, net assets of $726k. It reported 17 employees.