Is Work Skills Foundation Legit?

Quick charity verification for Work Skills Foundation (EIN: 204595453)

Verdict: Work Skills Foundation appears trustworthy

90/100Mission Score
$243KRevenue
$611KAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

AI Transparency Report

Work Skills Foundation demonstrates consistent financial growth and strong program spending efficiency over the past decade. The organization's revenue has steadily increased from $37,546 in 2011 to $221,592 in 2023, with assets growing significantly from $50,045 to $552,159 in the same period. This indicates effective financial management and an ability to build reserves. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and a commitment to directing funds towards its mission. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall trend of expenses being significantly lower than revenue suggests a healthy financial position and an ability to accumulate assets for future program delivery. The low liabilities across all reported periods further underscore financial stability. Work Skills Foundation appears to be a financially sound organization with a clear focus on its mission, as evidenced by its growth, asset accumulation, and lack of executive compensation. The consistent growth in assets relative to revenue also suggests prudent financial stewardship.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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