NW Works Inc

Analysis

NW Works Inc is a registered charity in United States, based in Winchester, VA. It received its IRS tax-exemption ruling in January 1971, 55 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, NW Works Inc reported income of $6.1m and spending of $5.4m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $6.1m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, NW Works Inc 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 94th percentile within VA. Charities of a similar size with the same main cause include The Urban League of Greater Chattanooga Inc ($6.1m), Enterprise Center of Johnson County ($6.1m) and Tasks Unlimited Inc ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.1% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $270k (5.0% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $4.2m against liabilities of $448k, net assets of $3.8m. It reported 169 employees.