Work Opportunities Inc

Analysis

Work Opportunities Inc is a registered charity in United States, based in Lynnwood, WA. It received its IRS tax-exemption ruling in March 1965, 61 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, Work Opportunities Inc reported income of $4.7m and spending of $4.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.7m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Work Opportunities Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Landmark Services Inc ($4.7m), Black Cultural Zone Community Development Corporation ($4.7m) and Wheeler Creek Community Development Corporation ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $132k (2.9% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $6.9m against liabilities of $2.1m, net assets of $4.8m. It reported 77 employees.