Would-Works Inc

Analysis

Would-Works Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Would-Works Inc reported income of $303k and spending of $332k, spending 109% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $193k to $303k (+57%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Would-Works Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include National Association of Cuban American Women of the United State ($303k), Urban League of Greater Richmond ($304k) and Arc of South Talladega County ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $46k (14% of expenses). Other salaries and wages came to $130k. At year end it held assets of $47k against liabilities of $6,136, net assets of $41k. It reported 19 employees.