Working Solutions Cdfi

Analysis

Working Solutions Cdfi is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 1999, 27 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 September 2023, Working Solutions Cdfi reported income of $6.7m and spending of $4.6m, leaving 32% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.8m to $6.7m (+143%), an average of +25% a year. The sharpest change came in the year to September 2023, when income rose by 150%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Working Solutions Cdfi 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 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Serv Connect Inc ($6.7m), Catholic Charities of KC St Joseph Inc ($6.7m) and Chamberlin House Inc ($6.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $611k (13% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $18.5m against liabilities of $9.1m, net assets of $9.4m. It reported 27 employees.