Workquest Inc

Analysis

Workquest Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 1978, 48 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 September 2023, Workquest Inc reported income of $16.5m and spending of $13.7m, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $13.2m to $16.5m (+26%), an average of +5.9% a year. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Workquest Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Mid-Iowa Community Action -Mica- Incorporated ($16.5m), The Center of Workforce Innovations Inc ($16.5m) and Lions Services Inc ($16.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $4.6m. At year end it held assets of $24.0m against liabilities of $2.2m, net assets of $21.9m. It reported 58 employees.