Workatit Inc

Analysis

Workatit Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2019, 7 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 (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, Workatit Inc reported income of $161k and spending of $157k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $161k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Workatit Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Elmore Community Trust ($161k), Baden Lions Park Association ($161k) and Innovative Business Resource Center Inc ($161k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.