National Fund For Workforce Solutions
EIN: 475172476 · Washington, DC · NTEE: J20
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $4.3M |
| Net Assets | $15.6M |
Is National Fund For Workforce Solutions Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About National Fund For Workforce Solutions
National Fund For Workforce Solutions (EIN: 475172476) is a nonprofit organization based in Washington, DC, classified under NTEE code J20. The organization reported total revenue of $1.7M and total assets of $17.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Fund For Workforce Solutions's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Fund For Workforce Solutions is a mid-size nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 31.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.0M |
| Total Expenses | $4.3M |
| Surplus / Deficit | +$9.7M |
| Total Assets | $17.1M |
| Total Liabilities | $1.5M |
| Net Assets | $15.6M |
| Operating Margin | 69.3% |
| Debt-to-Asset Ratio | 8.7% |
| Months of Reserves | 47.6 months |
Financial Health Grade: A
In 2023, National Fund For Workforce Solutions reported a surplus of $9.7M with revenue exceeding expenses, holds 47.6 months of operating reserves (strong position), has a debt-to-asset ratio of 8.7% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), National Fund For Workforce Solutions's revenue has grown at a compound annual growth rate (CAGR) of 31.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +169.2% | -28.6% | +114.8% |
| 2022 | +178.5% | +2.7% | -6.5% |
| 2021 | -80.7% | -5.9% | -33.8% |
| 2020 | +264.5% | -0.2% | +38.6% |
| 2019 | -62.6% | +68.4% | -15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for National Fund For Workforce Solutions 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 National Fund For Workforce Solutions 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 $9.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.7%.
Frequently Asked Questions about National Fund For Workforce Solutions
Is National Fund For Workforce Solutions a legitimate charity?
National Fund For Workforce Solutions (EIN: 475172476) is a registered tax-exempt nonprofit based in Washington DC. It has 8 years of IRS 990 filings on record. Total revenue: $1.7M. No red flags identified. Financial health grade: A.
How does National Fund For Workforce Solutions spend its money?
National Fund For Workforce Solutions reported $1.7M in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to National Fund For Workforce Solutions tax-deductible?
National Fund For Workforce Solutions is registered as a tax-exempt nonprofit (EIN: 475172476). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is National Fund For Workforce Solutions located?
National Fund For Workforce Solutions is headquartered in Washington, Washington DC and files with the IRS under EIN 475172476. It is classified under NTEE code J20.
How many years of IRS 990 filings does National Fund For Workforce Solutions have?
National Fund For Workforce Solutions has 8 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 $1.7M in total revenue.
Filing History
IRS 990 filing history for National Fund For Workforce Solutions showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), National Fund For Workforce Solutions's revenue has grown by 592%, moving from $2.0M to $14.0M. Total assets increased by 752.5% over the same period, from $2.0M to $17.1M. Total functional expenses rose by 12419.5%, from $34K to $4.3M. In its most recent filing year (2023), National Fund For Workforce Solutions reported a surplus of $9.7M, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $17.1M in assets (debt-to-asset ratio: 8.7%), resulting in net assets of $15.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.0M | $4.3M | $17.1M | $1.5M | — | — |
| 2022 | $5.2M | $6.0M | $7.9M | $2.1M | — | View 990 |
| 2021 | $1.9M | $5.9M | $8.5M | $1.8M | — | View 990 |
| 2020 | $9.7M | $6.2M | $12.8M | $2.2M | — | View 990 |
| 2019 | $2.7M | $6.2M | $9.3M | $2.0M | — | View 990 |
| 2018 | $7.1M | $3.7M | $11.0M | $192K | — | View 990 |
| 2017 | $7.8M | $2.4M | $7.4M | $36K | — | View 990 |
| 2016 | $2.0M | $34K | $2.0M | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.0M, expenses of $4.3M, and assets of $17.1M (revenue +169.2% year-over-year).
- 2022: Revenue of $5.2M, expenses of $6.0M, and assets of $7.9M (revenue +178.5% year-over-year).
- 2021: Revenue of $1.9M, expenses of $5.9M, and assets of $8.5M (revenue -80.7% year-over-year).
- 2020: Revenue of $9.7M, expenses of $6.2M, and assets of $12.8M (revenue +264.5% year-over-year).
- 2019: Revenue of $2.7M, expenses of $6.2M, and assets of $9.3M (revenue -62.6% year-over-year).
- 2018: Revenue of $7.1M, expenses of $3.7M, and assets of $11.0M (revenue -9.0% year-over-year).
- 2017: Revenue of $7.8M, expenses of $2.4M, and assets of $7.4M (revenue +285.6% year-over-year).
- 2016: Revenue of $2.0M, expenses of $34K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Fund For Workforce Solutions:
Data Sources and Methodology
This transparency report for National Fund For Workforce Solutions 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.