Lets Work for Good Inc

Analysis

Lets Work for Good Inc is a registered charity in United States, based in Piscataway, NJ. It received its IRS tax-exemption ruling in June 2015, 11 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, Lets Work for Good Inc reported income of $2.4m and spending of $1.7m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $726k to $2.4m (+229%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lets Work for Good Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Staten Island Economic Development Corporation ($2.4m), The Coalition of Immokalee Workers Inc ($2.4m) and Boone County Community Organization Assn ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $127k (7.4% of expenses). Other salaries and wages came to $907k. At year end it held assets of $2.1m against liabilities of $1.1m, net assets of $1.0m. It reported 88 employees.