Bizworks Enterprise Center

Analysis

Bizworks Enterprise Center is a registered charity in United States, based in Chester, VA. It received its IRS tax-exemption ruling in April 2013, 13 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).

In the financial year ending June 2024, Bizworks Enterprise Center reported income of $204k and spending of $318k, spending 155% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $292k to $204k (-30%), an average of -6.9% a year. The sharpest change came in the year to June 2024, when income dropped by 41%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bizworks Enterprise Center sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within VA. Charities of a similar size with the same main cause include Friends of Panthertown ($204k), Southeast Asian Refugee Community Home-Search ($204k) and Workfaith Birmingham ($204k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 56% of the total. Other salaries and wages came to $120k. At year end it held assets of $85k against liabilities of $22k, net assets of $63k. It reported 4 employees.