Worksafe Inc

Analysis

Worksafe Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in March 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Worksafe Inc reported income of $2.1m and spending of $1.1m, leaving 49% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $2.1m (+38%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Worksafe Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Opportunities Industrialization Center Inc ($2.1m), Albemarle Hopeline Inc ($2.1m) and Fulton Family YMCA ($2.1m).

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 $159k (15% of expenses). Other salaries and wages came to $521k. At year end it held assets of $3.0m against liabilities of $245k, net assets of $2.8m. It reported 8 employees.