Worksystems Inc

Analysis

Worksystems Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in February 1985, 41 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 June 2023, Worksystems Inc reported income of $30.5m and spending of $28.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.0m to $30.5m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Worksystems Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OR. Charities of a similar size with the same main cause include Goodwill Industries of Hawaii Inc ($30.4m), Spanish-Speaking Unity Council of Alameda County Inc ($30.5m) and Jewish Vocational Service Inc ($30.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $614k (2.1% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $14.3m against liabilities of $8.8m, net assets of $5.5m. It reported 60 employees.