His Way At Work
EIN: 262522139 · Spartanburg, SC · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.5M |
| Net Assets | $162K |
Is His Way At Work Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About His Way At Work
His Way At Work (EIN: 262522139) is a nonprofit organization based in Spartanburg, SC, classified under NTEE code X20. The organization reported total revenue of $2.3M and total assets of $543K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of His Way At Work's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
His Way At Work is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 28.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$59K |
| Total Assets | $196K |
| Total Liabilities | $34K |
| Net Assets | $162K |
| Operating Margin | 3.7% |
| Debt-to-Asset Ratio | 17.4% |
| Months of Reserves | 1.5 months |
Financial Health Grade: A
In 2023, His Way At Work reported a surplus of $59K with revenue exceeding expenses, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 17.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), His Way At Work's revenue has grown at a compound annual growth rate (CAGR) of 28.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +57.9% | +48.7% | +60.2% |
| 2022 | +13.4% | +15.2% | -43.8% |
| 2021 | +39.4% | +5.7% | -18.1% |
| 2020 | -36.9% | +18.5% | -40.9% |
| 2019 | +15.9% | -6.1% | +193.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for His Way At Work 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 His Way At Work 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 surplus of $59K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.4%.
Frequently Asked Questions about His Way At Work
Is His Way At Work a legitimate charity?
Based on AI analysis of IRS 990 filings, His Way At Work (EIN: 262522139) insufficient data. 0 red flags identified, 0 strengths noted.
How does His Way At Work spend its money?
Detailed spending breakdown data is not yet available for His Way At Work. Check back for updated IRS 990 analysis.
Are donations to His Way At Work tax-deductible?
His Way At Work is registered as a tax-exempt nonprofit (EIN: 262522139). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is His Way At Work located?
His Way At Work is headquartered in Spartanburg, South Carolina and files with the IRS under EIN 262522139. It is classified under NTEE code X20.
How many years of IRS 990 filings does His Way At Work have?
His Way At Work 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 $2.3M in total revenue.
Filing History
IRS 990 filing history for His Way At Work showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), His Way At Work's revenue has grown by 1863.6%, moving from $81K to $1.6M. Total assets increased by 1325.4% over the same period, from $14K to $196K. Total functional expenses rose by 2065.4%, from $71K to $1.5M. In its most recent filing year (2023), His Way At Work reported a surplus of $59K, with revenue exceeding expenses. The organization holds $34K in liabilities against $196K in assets (debt-to-asset ratio: 17.4%), resulting in net assets of $162K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.5M | $196K | $34K | — | View 990 |
| 2022 | $1.0M | $1.0M | $122K | $19K | — | View 990 |
| 2021 | $893K | $899K | $217K | $91K | — | View 990 |
| 2020 | $640K | $851K | $265K | $27K | — | View 990 |
| 2019 | $1.0M | $718K | $449K | $0 | — | View 990 |
| 2018 | $875K | $765K | $153K | $0 | — | View 990 |
| 2017 | $529K | $487K | $43K | $0 | — | View 990 |
| 2016 | $351K | $388K | $9K | $8K | — | View 990 |
| 2015 | $344K | $311K | $45K | $7K | — | View 990 |
| 2014 | $252K | $238K | $10K | $4K | — | View 990 |
| 2013 | $142K | $183K | $1 | $9K | — | View 990 |
| 2012 | $173K | $153K | $35K | $3K | — | View 990 |
| 2011 | $81K | $71K | $14K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.5M, and assets of $196K (revenue +57.9% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.0M, and assets of $122K (revenue +13.4% year-over-year).
- 2021: Revenue of $893K, expenses of $899K, and assets of $217K (revenue +39.4% year-over-year).
- 2020: Revenue of $640K, expenses of $851K, and assets of $265K (revenue -36.9% year-over-year).
- 2019: Revenue of $1.0M, expenses of $718K, and assets of $449K (revenue +15.9% year-over-year).
- 2018: Revenue of $875K, expenses of $765K, and assets of $153K (revenue +65.3% year-over-year).
- 2017: Revenue of $529K, expenses of $487K, and assets of $43K (revenue +51.0% year-over-year).
- 2016: Revenue of $351K, expenses of $388K, and assets of $9K (revenue +2.0% year-over-year).
- 2015: Revenue of $344K, expenses of $311K, and assets of $45K (revenue +36.3% year-over-year).
- 2014: Revenue of $252K, expenses of $238K, and assets of $10K (revenue +78.1% year-over-year).
- 2013: Revenue of $142K, expenses of $183K, and assets of $1 (revenue -18.2% year-over-year).
- 2012: Revenue of $173K, expenses of $153K, and assets of $35K (revenue +112.6% year-over-year).
- 2011: Revenue of $81K, expenses of $71K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for His Way At Work:
Data Sources and Methodology
This transparency report for His Way At Work 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.