Emerging Workforce Initiative Inc
EIN: 271301274 · Louisville, KY · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $499K |
| Total Expenses | $136K |
| Net Assets | $64K |
Is Emerging Workforce Initiative Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Emerging Workforce Initiative Inc
Emerging Workforce Initiative Inc (EIN: 271301274) is a nonprofit organization based in Louisville, KY, classified under NTEE code P20. The organization reported total revenue of $499K and total assets of $216K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Emerging Workforce Initiative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Emerging Workforce Initiative Inc is a small nonprofit that has been operating for 16 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 28.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $110K |
| Total Expenses | $136K |
| Surplus / Deficit | $-25,835 |
| Total Assets | $72K |
| Total Liabilities | $7K |
| Net Assets | $64K |
| Operating Margin | -23.5% |
| Debt-to-Asset Ratio | 10.4% |
| Months of Reserves | 6.3 months |
Financial Health Grade: B
In 2023, Emerging Workforce Initiative Inc reported a deficit of $26K with expenses exceeding revenue, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 10.4% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Emerging Workforce Initiative Inc's revenue has grown at a compound annual growth rate (CAGR) of 28.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.9% | +19.8% | -20.4% |
| 2022 | +142.7% | +287.8% | +114.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Emerging Workforce Initiative Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Emerging Workforce Initiative Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.4%.
Frequently Asked Questions about Emerging Workforce Initiative Inc
Is Emerging Workforce Initiative Inc a legitimate charity?
Emerging Workforce Initiative Inc (EIN: 271301274) is a registered tax-exempt nonprofit based in Kentucky. It has 3 years of IRS 990 filings on record. Total revenue: $499K. No red flags identified. Financial health grade: B.
How does Emerging Workforce Initiative Inc spend its money?
Emerging Workforce Initiative Inc reported $499K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Emerging Workforce Initiative Inc tax-deductible?
Emerging Workforce Initiative Inc is registered as a tax-exempt nonprofit (EIN: 271301274). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Emerging Workforce Initiative Inc located?
Emerging Workforce Initiative Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 271301274. It is classified under NTEE code P20.
How many years of IRS 990 filings does Emerging Workforce Initiative Inc have?
Emerging Workforce Initiative Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $499K in total revenue.
Filing History
IRS 990 filing history for Emerging Workforce Initiative Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Emerging Workforce Initiative Inc's revenue has grown by 65.3%, moving from $67K to $110K. Total assets increased by 70.9% over the same period, from $42K to $72K. Total functional expenses rose by 364.7%, from $29K to $136K. In its most recent filing year (2023), Emerging Workforce Initiative Inc reported a deficit of $26K, with expenses exceeding revenue. The organization holds $7K in liabilities against $72K in assets (debt-to-asset ratio: 10.4%), resulting in net assets of $64K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $110K | $136K | $72K | $7K | — | View 990 |
| 2022 | $162K | $113K | $90K | $0 | — | View 990 |
| 2021 | $67K | $29K | $42K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $110K, expenses of $136K, and assets of $72K (revenue -31.9% year-over-year).
- 2022: Revenue of $162K, expenses of $113K, and assets of $90K (revenue +142.7% year-over-year).
- 2021: Revenue of $67K, expenses of $29K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Emerging Workforce Initiative Inc:
Data Sources and Methodology
This transparency report for Emerging Workforce Initiative 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.