Yellow Work Inc

Analysis

Yellow Work Inc is a registered charity in United States, based in Virginia Beach, VA. It received its IRS tax-exemption ruling in December 2019, 7 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 June 2023, Yellow Work Inc reported income of $5.5m and spending of $2.6m, leaving 53% of income unspent that year. Across the 3 years on record, from December 2021 to June 2023, income grew from $2.2m to $5.5m (+150%), an average of +58% a year. The sharpest change came in the year to June 2023, when income rose by 99%. Over the whole period it spent 45% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yellow Work Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Midland College Foundation Inc ($5.5m), Success Academy ($5.6m) and Harlem Academy ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $208k (7.9% of expenses). Other salaries and wages came to $954k. At year end it held assets of $6.6m against liabilities of $74k, net assets of $6.6m. It reported 17 employees.