Careerworks Inc

Analysis

Careerworks Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Careerworks Inc reported income of $1.6m and spending of $2.0m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.6m (+6.6%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 143%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Careerworks Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WA. Charities of a similar size with the same main cause include Ellison Ballet Foundation Inc ($1.6m), Community Library Association ($1.6m) and Hart 2 Hart Christian Academy Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $190k (9.6% of expenses). Other salaries and wages came to $600k. At year end it held assets of $148k against liabilities of $12k, net assets of $136k. It reported 8 employees.