Work Foundation Inc

Analysis

Work Foundation Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Work Foundation Inc reported income of $226k and spending of $79k, leaving 65% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $443k to $226k (-49%), an average of -29% a year. The sharpest change came in the year to December 2023, when income rose by 167%. Over the whole period it spent 37% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Work Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Mezcla Media Collective Ltd ($226k), Marysville Schools Choral Boosters Association ($226k) and Musical Theater Center ($226k).

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 $866k against liabilities of $0, net assets of $866k.