Worksource Enterprises

Analysis

Worksource Enterprises is a registered charity in United States, based in Oakton, VA. It received its IRS tax-exemption ruling in July 1968, 58 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Worksource Enterprises reported income of $2.3m and spending of $1.8m, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.8m to $2.3m (+27%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Worksource Enterprises 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 87th percentile within VA. Charities of a similar size with the same main cause include Pacific Coast Community Services ($2.3m), Claire Heureuse Community Center Inc ($2.3m) and Rocky Mountain Ser Jobs for Progress Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $140k (7.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.0m against liabilities of $71k, net assets of $2.9m. It reported 38 employees.