Devworks International Inc

Analysis

Devworks International Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Devworks International Inc reported income of $9.4m and spending of $9.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.7m to $9.4m (-31%), an average of -9.0% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Devworks International Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 86th percentile within DC. Charities of a similar size with the same main cause include Community Action Partnership of Mercer County ($9.4m), Young Mens Christian Association ($9.4m) and Clarendon County Disabilities & Special Needs Board ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.3m (14% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $1.9m against liabilities of $1.4m, net assets of $534k. It reported 20 employees.