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Theology of Work Project Inc

RegisteredEIN 76-0842532Jamaica Plain, MAReligion
Income$1.6m2023-12
Spending$541ksame year
Spent / received64%5-year average
Size in its cause95th pctReligion
Exempt since2007Publicly supported organisat
Employees0latest return

Analysis

Theology of Work Project Inc is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Theology of Work Project Inc reported income of $1.6m and spending of $541k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $383k to $1.6m (+326%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 231%. Over the whole period it spent 64% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Theology of Work Project Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Summit Missions ($1.6m), Nazarene Community Development Foundation ($1.6m) and Helping Israel Fund Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.

Income and spending

$0$408k$815k$1.2m$1.6m2019 Income: $382,9332019 Spending: $402,00520192020 Income: $353,9742020 Spending: $389,33920202021 Income: $532,6352021 Spending: $423,71020212022 Income: $493,0942022 Spending: $431,47420222023 Income: $1,630,0962023 Spending: $540,6502023
IncomeSpending

Where the income comes from

  • Contributions & grants 100%
  • Program services 0.2%
  • Other 0.2%

Similar-sized charities, same cause

CharityLocationIncome
Summit MissionsGreen$1.6m
Nazarene Community Development FoundationCamden$1.6m
Helping Israel Fund IncE Brunswick$1.6m
Evantell IncDallas$1.6m