Quick charity verification for The Workfaith Connection (EIN: 204295703)
Verdict: The Workfaith Connection appears trustworthy
85/100Mission Score
$3.4MRevenue
$2.9MAssets
2Red Flags
4Strengths
Red Flags
Significant operational deficit in 2023 ($1.1M), with expenses ($3,324,144) far exceeding revenue ($2,137,786).
Decrease in assets from $3,859,745 in 2022 to $2,520,855 in 2023, likely due to the operational deficit.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating strong financial ethics and potential volunteer leadership.
Long history of IRS 990 filings (13 periods), demonstrating commitment to transparency and accountability.
Generally strong asset base relative to liabilities, indicating financial stability despite recent fluctuations.
Historical ability to generate substantial revenue, with latest revenue at $3,434,859 and several years exceeding $3 million.
Spending Breakdown
How The Workfaith Connection allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about The Workfaith Connection
Is The Workfaith Connection a legitimate charity?
Based on AI analysis of IRS 990 filings, The Workfaith Connection (EIN: 204295703) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is The Workfaith Connection a good charity to donate to?
The Workfaith Connection has a Mission Score of 85/100. Revenue: $3.4M. Assets: $2.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Workfaith Connection?
The Employer Identification Number (EIN) for The Workfaith Connection is 204295703. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does The Workfaith Connection spend its money?
The Workfaith Connection allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Workfaith Connection's tax-exempt status?
You can verify The Workfaith Connection's tax-exempt status using EIN 204295703 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Workfaith Connection demonstrates a commitment to its mission, as evidenced by its consistent program spending. While the organization has experienced fluctuations in revenue and expenses over the past few years, it generally maintains a healthy asset base relative to its liabilities. For instance, in 2021, assets were $2,596,735 against liabilities of $122,180, indicating strong financial solvency. However, the most recent filing (202312) shows expenses exceeding revenue by over $1.1 million ($3,324,144 expenses vs. $2,137,786 revenue), which led to a decrease in assets from $3,859,745 in 2022 to $2,520,855 in 2023. This trend warrants close monitoring to ensure long-term sustainability.
The organization's transparency is commendable, particularly with zero reported officer compensation across all available filings. This suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive indicator for donor trust. The consistent filing of IRS 990s over 13 periods further reinforces its commitment to public accountability. While the spending breakdown is not explicitly detailed in the provided data, the overall financial health appears stable, despite recent operational deficits.
Overall, The Workfaith Connection appears to be a financially sound organization with a strong commitment to its mission and transparency. The recent deficit in 2023 is a point of concern, but the organization's historical financial management and asset base suggest it has the capacity to navigate such periods. Donors can generally be confident in the organization's operational integrity, though they should monitor future filings for sustained financial stability.