Jobworks Inc

Analysis

Jobworks Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in December 1992, 34 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 June 2023, Jobworks Inc reported income of $1.3m and spending of $1.0m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $981k to $1.3m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jobworks Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Financial Communications Society ($1.3m), Citizens Alliance of America Foundation Inc ($1.3m) and Utopia Foundation Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $846k. At year end it held assets of $173k against liabilities of $1.1m, net assets of -$918k. It reported 46 employees.