Worker Education & Resource Center Inc

Analysis

Worker Education & Resource Center Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Worker Education & Resource Center Inc reported income of $5.2m and spending of $4.4m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $5.2m (+106%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Worker Education & Resource Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Black Hills Educational Institute Inc ($5.2m), Horizons K8 ($5.2m) and Imagine - South Broward Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $175k (4.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.3m against liabilities of $381k, net assets of $4.9m. It reported 21 employees.