Klamath Works Inc

Analysis

Klamath Works Inc is a registered charity in United States, based in Klamath Falls, OR. It received its IRS tax-exemption ruling in October 2016, 10 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 December 2023, Klamath Works Inc reported income of $2.7m and spending of $2.9m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $608k to $2.7m (+342%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Klamath Works Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OR. Charities of a similar size with the same main cause include The Fabric Workshop and Museum ($2.7m), North Central Wisconsin Workforce Development Board ($2.7m) and Acra Local 725 Joint Apprenticeship and Training Committee Trust ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $88k (3.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $680k against liabilities of $26k, net assets of $655k. It reported 386 employees.