Bestwork Industries For The Blind Inc
Bestwork Industries: Strong Mission, High Admin Costs
EIN: 222369937 · Cherry Hill, NJ · NTEE: J30Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $20.6M |
| Total Expenses | $7.3M |
| Program Spending | 65% |
| Net Assets | $9.1M |
| Transparency Score | 85/100 |
Is Bestwork Industries For The Blind Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bestwork Industries For The Blind Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Bestwork Industries For The Blind Inc
Bestwork Industries For The Blind Inc (EIN: 222369937) is a nonprofit organization based in Cherry Hill, NJ, classified under NTEE code J30Z. The organization reported total revenue of $20.6M and total assets of $13.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bestwork Industries For The Blind Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bestwork Industries For The Blind Inc is a large nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.5M |
| Total Expenses | $7.3M |
| Surplus / Deficit | $-779,657 |
| Total Assets | $12.9M |
| Total Liabilities | $3.9M |
| Net Assets | $9.1M |
| Operating Margin | -11.9% |
| Debt-to-Asset Ratio | 30.0% |
| Months of Reserves | 21.2 months |
Financial Health Grade: B
In 2023, Bestwork Industries For The Blind Inc reported a deficit of $780K with expenses exceeding revenue, holds 21.2 months of operating reserves (strong position), has a debt-to-asset ratio of 30.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bestwork Industries For The Blind Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.8% | +27.2% | +1.8% |
| 2022 | -13.3% | +20.3% | -11.0% |
| 2021 | +58.8% | +37.6% | -4.3% |
| 2020 | -58.0% | -22.7% | +5.5% |
| 2019 | +60.6% | +54.0% | +26.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bestwork Industries For The Blind Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 25%
- programs: 65%
- fundraising: 10%
According to IRS 990 filings, Bestwork Industries For The Blind Inc allocates its expenses as follows: admin: 25%, programs: 65%, fundraising: 10%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $780K, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.0%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bestwork Industries For The Blind Inc's IRS 990 filings:
- Administrative expenses, while decreasing as a percentage of total expenses, remain a notable portion of spending, warranting continued monitoring.
- The organization reported a deficit in 2022, with expenses ($5,759,852) exceeding revenue ($4,585,102), indicating a need for careful financial management.
Strengths
The following positive indicators were identified for Bestwork Industries For The Blind Inc:
- Consistent revenue growth over the past several years, indicating increasing support and operational scale.
- Strong asset base, with total assets consistently over $12 million in recent years, providing financial stability.
- The organization's mission to provide employment for the blind is clearly articulated and consistently supported by its program activities.
Frequently Asked Questions about Bestwork Industries For The Blind Inc
Is Bestwork Industries For The Blind Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bestwork Industries For The Blind Inc (EIN: 222369937) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Bestwork Industries For The Blind Inc spend its money?
Bestwork Industries For The Blind Inc directs 65% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bestwork Industries For The Blind Inc tax-deductible?
Bestwork Industries For The Blind Inc is registered as a tax-exempt nonprofit (EIN: 222369937). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bestwork Industries For The Blind Inc's spending goes to programs?
Bestwork Industries For The Blind Inc directs 65% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Bestwork Industries For The Blind Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bestwork Industries For The Blind Inc is above average for NTEE category J30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bestwork Industries For The Blind Inc located?
Bestwork Industries For The Blind Inc is headquartered in Cherry Hill, New Jersey and files with the IRS under EIN 222369937. It is classified under NTEE code J30Z.
How many years of IRS 990 filings does Bestwork Industries For The Blind Inc have?
Bestwork Industries For The Blind Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $20.6M in total revenue.
What does Bestwork Industries For The Blind Inc do?
Bestwork Industries For The Blind Inc is a nonprofit organization in the Employment sector, located in Cherry Hill, New Jersey. It is classified under NTEE code J30Z.
How much revenue does Bestwork Industries For The Blind Inc have?
Bestwork Industries For The Blind Inc reported total revenue of $20,554,774. Based on 13 IRS 990 filings on record.
What are Bestwork Industries For The Blind Inc's total assets?
Bestwork Industries For The Blind Inc holds total assets of $13,773,278 as reported in IRS 990 filings.
Where is Bestwork Industries For The Blind Inc located?
Bestwork Industries For The Blind Inc is based in Cherry Hill, New Jersey.
What is Bestwork Industries For The Blind Inc's EIN?
Bestwork Industries For The Blind Inc's Employer Identification Number (EIN) is 222369937. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bestwork Industries For The Blind Inc?
Bestwork Industries For The Blind Inc is classified under NTEE code J30Z (Employment).
Is Bestwork Industries For The Blind Inc a registered 501(c)(3)?
Yes, Bestwork Industries For The Blind Inc is recognized as a tax-exempt organization by the IRS. EIN: 222369937.
Does Bestwork Industries For The Blind Inc file IRS Form 990?
Yes, Bestwork Industries For The Blind Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Bestwork Industries For The Blind Inc's revenue in 2023?
In the 202309 filing period, Bestwork Industries For The Blind Inc reported total revenue of $6,547,556, total expenses of $7,327,213, and net assets of $12,938,124.
Is Bestwork Industries For The Blind Inc's revenue growing or declining?
Bestwork Industries For The Blind Inc's revenue is growing. Revenue went from $4,585,102 (202209) to $6,547,556 (202309), a +42.8% change. Based on 13 filings on record.
What is Bestwork Industries For The Blind Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Bestwork Industries For The Blind Inc covers tax period 202309. It shows revenue of $6,547,556, expenses of $7,327,213, total assets of $12,938,124, and liabilities of $3,876,765.
How much does Bestwork Industries For The Blind Inc spend on programs vs administration?
Based on IRS 990 analysis, Bestwork Industries For The Blind Inc allocates approximately 65% of expenses to program services, 25% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Bestwork Industries For The Blind Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Bestwork Industries For The Blind Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Bestwork Industries For The Blind Inc?
The following concerns were identified: Administrative expenses, while decreasing as a percentage of total expenses, remain a notable portion of spending, warranting continued monitoring.. The organization reported a deficit in 2022, with expenses ($5,759,852) exceeding revenue ($4,585,102), indicating a need for careful financial management.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bestwork Industries For The Blind Inc's strengths?
Positive indicators for Bestwork Industries For The Blind Inc include: Consistent revenue growth over the past several years, indicating increasing support and operational scale.. Strong asset base, with total assets consistently over $12 million in recent years, providing financial stability.. The organization's mission to provide employment for the blind is clearly articulated and consistently supported by its program activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Bestwork Industries For The Blind Inc compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Bestwork Industries managed to grow its revenue significantly from $3.1 million in 2016 to over $20 million in 2023?
The substantial revenue growth appears to be driven by increased contracts and services, as indicated by the rising program expenses and overall operational scale reflected in the financial filings.
What strategies are in place to address the occasional deficits, such as the one observed in 2022 where expenses exceeded revenue by over $1 million?
While specific strategies aren't detailed in the provided data, the subsequent year's strong revenue growth (over $20 million in 2023) suggests effective financial adjustments or new revenue streams were implemented to overcome the prior year's deficit.
Filing History
IRS 990 filing history for Bestwork Industries For The Blind Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bestwork Industries For The Blind Inc's revenue has grown by 90.2%, moving from $3.4M to $6.5M. Total assets increased by 153.5% over the same period, from $5.1M to $12.9M. Total functional expenses rose by 147%, from $3.0M to $7.3M. In its most recent filing year (2023), Bestwork Industries For The Blind Inc reported a deficit of $780K, with expenses exceeding revenue. The organization holds $3.9M in liabilities against $12.9M in assets (debt-to-asset ratio: 30.0%), resulting in net assets of $9.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.5M | $7.3M | $12.9M | $3.9M | — | View 990 |
| 2022 | $4.6M | $5.8M | $12.7M | $3.1M | — | View 990 |
| 2021 | $5.3M | $4.8M | $14.3M | $3.2M | — | View 990 |
| 2020 | $3.3M | $3.5M | $14.9M | $4.3M | — | View 990 |
| 2019 | $7.9M | $4.5M | $14.2M | $3.4M | — | View 990 |
| 2018 | $4.9M | $2.9M | $11.2M | $3.9M | — | View 990 |
| 2017 | $3.3M | $2.8M | $9.2M | $3.9M | — | View 990 |
| 2016 | $3.1M | $2.5M | $8.6M | $3.8M | — | View 990 |
| 2015 | $2.1M | $2.0M | $8.7M | $4.5M | — | View 990 |
| 2014 | $2.3M | $2.5M | $8.3M | $4.3M | — | View 990 |
| 2013 | $2.8M | $2.7M | $8.0M | $3.8M | — | View 990 |
| 2012 | $3.4M | $3.1M | $5.3M | $1.1M | — | View 990 |
| 2011 | $3.4M | $3.0M | $5.1M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.5M, expenses of $7.3M, and assets of $12.9M (revenue +42.8% year-over-year).
- 2022: Revenue of $4.6M, expenses of $5.8M, and assets of $12.7M (revenue -13.3% year-over-year).
- 2021: Revenue of $5.3M, expenses of $4.8M, and assets of $14.3M (revenue +58.8% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.5M, and assets of $14.9M (revenue -58.0% year-over-year).
- 2019: Revenue of $7.9M, expenses of $4.5M, and assets of $14.2M (revenue +60.6% year-over-year).
- 2018: Revenue of $4.9M, expenses of $2.9M, and assets of $11.2M (revenue +50.3% year-over-year).
- 2017: Revenue of $3.3M, expenses of $2.8M, and assets of $9.2M (revenue +5.3% year-over-year).
- 2016: Revenue of $3.1M, expenses of $2.5M, and assets of $8.6M (revenue +46.2% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.0M, and assets of $8.7M (revenue -8.7% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.5M, and assets of $8.3M (revenue -16.7% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.7M, and assets of $8.0M (revenue -17.7% year-over-year).
- 2012: Revenue of $3.4M, expenses of $3.1M, and assets of $5.3M (revenue -0.9% year-over-year).
- 2011: Revenue of $3.4M, expenses of $3.0M, and assets of $5.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bestwork Industries For The Blind Inc:
Data Sources and Methodology
This transparency report for Bestwork Industries For The Blind Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.