The Working World Inc
The Working World Inc shows strong asset growth and program focus, but reported a deficit in 2023 with increasing liabilities.
EIN: 202264584 · New York, NY · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.1M |
| Total Expenses | $10.9M |
| Program Spending | 85% |
| Net Assets | $18.4M |
| Transparency Score | 90/100 |
Is The Working World Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Working World Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Working World Inc
The Working World Inc (EIN: 202264584) is a nonprofit organization based in New York, NY, classified under NTEE code S30. The organization reported total revenue of $10.1M and total assets of $85.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Working World Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Working World Inc is a large nonprofit that has been operating for 12 years, with 15 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 35.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.6M |
| Total Expenses | $10.9M |
| Surplus / Deficit | $-1,365,465 |
| Total Assets | $81.8M |
| Total Liabilities | $63.3M |
| Net Assets | $18.4M |
| Operating Margin | -14.3% |
| Debt-to-Asset Ratio | 77.5% |
| Months of Reserves | 89.6 months |
Financial Health Grade: C
In 2023, The Working World Inc reported a deficit of $1.4M with expenses exceeding revenue, holds 89.6 months of operating reserves (strong position), has a debt-to-asset ratio of 77.5% (high leverage).
Financial Trends
Over 15 years of filings (2009–2023), The Working World Inc's revenue has grown at a compound annual growth rate (CAGR) of 35.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.0% | +68.4% | +6.2% |
| 2022 | -51.2% | +72.3% | +13.5% |
| 2021 | +275.3% | +21.9% | +202.3% |
| 2020 | +12.1% | +17.8% | +88.3% |
| 2019 | +23.0% | +18.5% | +32.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
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 The Working World Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Working World Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 77.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and suggests a strong commitment to directing funds to its mission.
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 The Working World Inc's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($10,946,830 vs. $9,581,365), indicating a deficit.
- Significant and rapidly increasing liabilities, from $16,819,622 in 2020 to $63,335,338 in 2023, require further scrutiny.
Strengths
The following positive indicators were identified for The Working World Inc:
- Consistent reporting of 0% officer compensation, indicating high transparency and mission focus.
- Strong asset growth over the past decade, from $1,715,097 in 2014 to $81,765,852 in 2023.
- Significant revenue generation, with a peak of $16,372,091 in 2021.
- Long filing history (15 filings) demonstrates sustained operation and compliance.
Frequently Asked Questions about The Working World Inc
Is The Working World Inc a legitimate charity?
The Working World Inc (EIN: 202264584) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 15 years of IRS 990 filings on record. Total revenue: $10.1M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does The Working World Inc spend its money?
The Working World Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Working World Inc tax-deductible?
The Working World Inc is registered as a tax-exempt nonprofit (EIN: 202264584). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Working World Inc's spending goes to programs?
The Working World Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Working World Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), The Working World Inc is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Working World Inc located?
The Working World Inc is headquartered in New York, New York and files with the IRS under EIN 202264584. It is classified under NTEE code S30.
How many years of IRS 990 filings does The Working World Inc have?
The Working World Inc has 15 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 $10.1M in total revenue.
Is The Working World Inc a good charity?
Based on its strong program focus, significant asset growth, and transparent executive compensation (0% reported), The Working World Inc appears to be a good charity. However, the 2023 deficit and growing liabilities warrant further investigation.
Why did The Working World Inc have a deficit in 2023?
In 2023, The Working World Inc's expenses ($10,946,830) exceeded its revenue ($9,581,365), resulting in a deficit. The specific reasons for this deficit are not detailed in the provided summary but could be due to increased program activities, one-time investments, or a temporary dip in fundraising.
What is the nature of The Working World Inc's growing liabilities?
The organization's liabilities have grown substantially from $7,563,985 in 2019 to $63,335,338 in 2023. Without further detail from the full IRS 990, it's difficult to ascertain the exact nature, but they could include program-related loans, grants payable, or other operational debts.
Filing History
IRS 990 filing history for The Working World Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2009–2023), The Working World Inc's revenue has grown by 6582.7%, moving from $143K to $9.6M. Total assets increased by 47711.3% over the same period, from $171K to $81.8M. Total functional expenses rose by 10632.7%, from $102K to $10.9M. In its most recent filing year (2023), The Working World Inc reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $63.3M in liabilities against $81.8M in assets (debt-to-asset ratio: 77.5%), resulting in net assets of $18.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.6M | $10.9M | $81.8M | $63.3M | — | — |
| 2022 | $8.0M | $6.5M | $77.0M | $57.3M | — | View 990 |
| 2021 | $16.4M | $3.8M | $67.8M | $49.6M | — | View 990 |
| 2020 | $4.4M | $3.1M | $22.4M | $16.8M | — | View 990 |
| 2019 | $3.9M | $2.6M | $11.9M | $7.6M | — | View 990 |
| 2018 | $3.2M | $2.2M | $9.0M | $5.9M | — | View 990 |
| 2017 | $2.2M | $1.6M | $6.5M | $4.6M | — | View 990 |
| 2016 | $1.0M | $1.3M | $4.9M | $3.6M | — | View 990 |
| 2015 | $1.5M | $689K | $4.2M | $2.5M | — | View 990 |
| 2014 | $677K | $410K | $1.7M | $739K | — | View 990 |
| 2013 | $348K | $275K | $1.0M | $251K | — | View 990 |
| 2012 | $681K | $178K | $813K | $124K | — | View 990 |
| 2011 | $173K | $158K | $213K | $27K | — | — |
| 2010 | $100K | $101K | $175K | $4K | — | — |
| 2009 | $143K | $102K | $171K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $9.6M, expenses of $10.9M, and assets of $81.8M (revenue +20.0% year-over-year).
- 2022: Revenue of $8.0M, expenses of $6.5M, and assets of $77.0M (revenue -51.2% year-over-year).
- 2021: Revenue of $16.4M, expenses of $3.8M, and assets of $67.8M (revenue +275.3% year-over-year).
- 2020: Revenue of $4.4M, expenses of $3.1M, and assets of $22.4M (revenue +12.1% year-over-year).
- 2019: Revenue of $3.9M, expenses of $2.6M, and assets of $11.9M (revenue +23.0% year-over-year).
- 2018: Revenue of $3.2M, expenses of $2.2M, and assets of $9.0M (revenue +46.4% year-over-year).
- 2017: Revenue of $2.2M, expenses of $1.6M, and assets of $6.5M (revenue +115.2% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.3M, and assets of $4.9M (revenue -31.7% year-over-year).
- 2015: Revenue of $1.5M, expenses of $689K, and assets of $4.2M (revenue +117.0% year-over-year).
- 2014: Revenue of $677K, expenses of $410K, and assets of $1.7M (revenue +94.4% year-over-year).
- 2013: Revenue of $348K, expenses of $275K, and assets of $1.0M (revenue -48.8% year-over-year).
- 2012: Revenue of $681K, expenses of $178K, and assets of $813K (revenue +292.7% year-over-year).
- 2011: Revenue of $173K, expenses of $158K, and assets of $213K (revenue +73.4% year-over-year).
- 2010: Revenue of $100K, expenses of $101K, and assets of $175K (revenue -30.3% year-over-year).
- 2009: Revenue of $143K, expenses of $102K, and assets of $171K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Working World Inc:
Data Sources and Methodology
This transparency report for The Working World 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.