Socialworks

Analysis

Socialworks is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2017, 9 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, Socialworks reported income of $567k and spending of $927k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $567k (-57%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 61%. Over the whole period it spent 162% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Socialworks sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Second Chances Recovery & Retail Store Inc ($567k), Senior Centers Inc ($567k) and The Freedom Institute Inc ($567k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $262k (28% of expenses). At year end it held assets of $135k against liabilities of $0, net assets of $135k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.