The Works Inc

Analysis

The Works Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, The Works Inc reported income of $40.2m and spending of $5.7m, leaving 86% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $4.0m to $40.2m (+917%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 419%. Over the whole period it spent 35% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Works Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include National Foundation for Affordable Housing Solutions Inc ($39.8m), Eihab Human Services New Jersey Inc ($40.5m) and Active Retirement Community Inc ($39.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.1% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $40.1m against liabilities of $2.6m, net assets of $37.6m.