Charity Works Inc

Analysis

Charity Works Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2022, Charity Works Inc reported income of $489k and spending of $414k, spending 85% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $218k to $489k (+125%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Charity Works Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Sutphin Boulevard District Management Association Inc ($489k), Terracycle Global Foundation Inc ($490k) and Dorchester Economic Development Corporation ($489k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $112k (27% of expenses). At year end it held assets of $155k against liabilities of $20k, net assets of $135k. It reported 1 employees.