Real-Life Works Incorporated

Analysis

Real-Life Works Incorporated is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Real-Life Works Incorporated reported income of $241k and spending of $231k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $203k to $241k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Real-Life Works Incorporated sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Granite Dells Preservation Foundation ($241k), We Think 4 a Change ($241k) and Belle Haven Action ($241k).

Compensation of current officers, directors and key employees was $40k (17% of expenses). Other salaries and wages came to $42k. At year end it held assets of $61k against liabilities of $12k, net assets of $49k. It reported 10 employees.