Socialworx Institute Inc

Analysis

Socialworx Institute Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, 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 2022, Socialworx Institute Inc reported income of $140k and spending of $185k, spending 132% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $224k to $140k (-38%), an average of -38% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Socialworx Institute Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within LA. Charities of a similar size with the same main cause include National Charity Las Vegas Chapter ($140k), Hirshberg Entrepreneurship Institute ($140k) and Virginia Association of Physical Plant Administrators Inc ($140k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $91k (49% of expenses). Other salaries and wages came to $22k. At year end it held assets of $2,448 against liabilities of $69k, net assets of -$67k. It reported 2 employees.