Workforce Opportunity Resource Center Worc2 Lab Inc

Analysis

Workforce Opportunity Resource Center Worc2 Lab Inc is a registered charity in United States, based in Randolph, MA. It received its IRS tax-exemption ruling in November 2021, 5 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 2023, Workforce Opportunity Resource Center Worc2 Lab Inc reported income of $130k and spending of $131k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $2,591 to $130k (+4915%), an average of +608% a year. The sharpest change came in the year to December 2022, when income rose by 3020%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Workforce Opportunity Resource Center Worc2 Lab Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include Dome District Business Association Inc ($130k), Quincy Service Club Foundation ($130k) and Mt Carmel Area Industrial Development Committee ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,366 against liabilities of $0, net assets of $7,366.