Missouri Works Initiative

Analysis

Missouri Works Initiative is a registered charity in United States, based in Jefferson Cty, MO. It received its IRS tax-exemption ruling in November 2021, 5 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, Missouri Works Initiative reported income of $1.0m and spending of $1.2m, spending 118% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $243k to $1.0m (+329%), an average of +107% a year. The sharpest change came in the year to December 2022, when income rose by 337%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Missouri Works Initiative sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within MO. Charities of a similar size with the same main cause include Growth Partners Arizona ($1.0m), American Bankers Association Community Engagement Foundation ($1.0m) and Alabama Judicial College Education Fund ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $479k. At year end it held assets of $49k against liabilities of $18k, net assets of $31k.