Fresno Works Inc

Analysis

Fresno Works Inc is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in September 2004, 22 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, Fresno Works Inc reported income of $2.2m and spending of $1.7m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.5m to $2.2m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2022, when income rose by 89%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fresno Works Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Diversified Services Inc ($2.2m), Elk Valley Public Improvement Corporation ($2.2m) and University Center Facilities Corporation III ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $798k against liabilities of $116k, net assets of $681k.