The Workplace Inc
The Workplace Inc: Strong Program Spending, but Transparency Lacking on Specifics
EIN: 222484517 · Bridgeport, CT · NTEE: J300 · Updated: 2026-04-04
Is The Workplace Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Workplace Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Workplace Inc
The Workplace Inc (EIN: 222484517) is a nonprofit organization based in Bridgeport, CT, classified under NTEE code J300. The organization reported total revenue of $39.4M and total assets of $10.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Workplace Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Workplace Inc is a large nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32.0M |
| Total Expenses | $32.0M |
| Surplus / Deficit | +$50K |
| Total Assets | $10.5M |
| Total Liabilities | $9.9M |
| Net Assets | $621K |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 94.1% |
| Months of Reserves | 3.9 months |
Financial Health Grade: A
In 2023, The Workplace Inc reported a surplus of $50K with revenue exceeding expenses, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 94.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Workplace Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.9% | +2.0% | +47.1% |
| 2022 | +1.8% | -1.2% | +23.7% |
| 2021 | -11.3% | -11.3% | -13.3% |
| 2020 | -9.5% | -7.7% | +22.1% |
| 2019 | +6.1% | +6.5% | -24.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Workplace 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, The Workplace Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $50K, with revenue exceeding expenses.
- Debt-to-asset ratio: 94.1%.
Executive Compensation Analysis
The organization consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings, which is unusual for an organization of its size and revenue, and warrants further inquiry into how leadership is compensated or if these roles are purely volun
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 Workplace Inc's IRS 990 filings:
- Consistent reporting of $0 compensation for all officers, directors, trustees, and key employees raises questions about the true nature of leadership compensation or if these roles are genuinely uncompensated.
- Lack of detailed program descriptions and outcome metrics in publicly available filings makes it difficult to assess the full impact of their substantial program spending.
- The absence of 990-EZ filings for an organization with revenue exceeding $25 million is a significant red flag for transparency.
Strengths
The following positive indicators were identified for The Workplace Inc:
- Consistently high program spending, averaging over 90% of total expenses, indicates a strong commitment to its mission.
- Healthy revenue stream, consistently above $27 million for the past several years, demonstrates financial stability.
- Positive net assets and consistent growth in assets over time suggest sound financial management.
Frequently Asked Questions about The Workplace Inc
Is The Workplace Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Workplace Inc (EIN: 222484517) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does The Workplace Inc spend its money?
The Workplace Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Workplace Inc tax-deductible?
The Workplace Inc is registered as a tax-exempt nonprofit (EIN: 222484517). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does The Workplace Inc do?
The Workplace Inc is a nonprofit organization in the Employment sector, located in Bridgeport, Connecticut. It is classified under NTEE code J300.
How much revenue does The Workplace Inc have?
The Workplace Inc reported total revenue of $39,400,507. Based on 13 IRS 990 filings on record.
What are The Workplace Inc's total assets?
The Workplace Inc holds total assets of $10,572,968 as reported in IRS 990 filings.
Where is The Workplace Inc located?
The Workplace Inc is based in Bridgeport, Connecticut.
What is The Workplace Inc's EIN?
The Workplace Inc's Employer Identification Number (EIN) is 222484517. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Workplace Inc?
The Workplace Inc is classified under NTEE code J300 (Employment).
Is The Workplace Inc a registered 501(c)(3)?
Yes, The Workplace Inc is recognized as a tax-exempt organization by the IRS. EIN: 222484517.
Does The Workplace Inc file IRS Form 990?
Yes, The Workplace Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was The Workplace Inc's revenue in 2023?
In the 202306 filing period, The Workplace Inc reported total revenue of $32,044,197, total expenses of $31,994,631, and net assets of $10,516,105.
Is The Workplace Inc's revenue growing or declining?
The Workplace Inc's revenue is relatively stable. Revenue went from $31,767,204 (202206) to $32,044,197 (202306), a +0.9% change. Based on 13 filings on record.
What is The Workplace Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Workplace Inc covers tax period 202306. It shows revenue of $32,044,197, expenses of $31,994,631, total assets of $10,516,105, and liabilities of $9,894,983.
How much does The Workplace Inc spend on programs vs administration?
Based on IRS 990 analysis, The Workplace Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is The Workplace Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Workplace Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for The Workplace Inc?
The following concerns were identified: Consistent reporting of $0 compensation for all officers, directors, trustees, and key employees raises questions about the true nature of leadership compensation or if these roles are genuinely uncompensated.. Lack of detailed program descriptions and outcome metrics in publicly available filings makes it difficult to assess the full impact of their substantial program spending.. The absence of 990-EZ filings for an organization with revenue exceeding $25 million is a significant red flag for transparency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Workplace Inc's strengths?
Positive indicators for The Workplace Inc include: Consistently high program spending, averaging over 90% of total expenses, indicates a strong commitment to its mission.. Healthy revenue stream, consistently above $27 million for the past several years, demonstrates financial stability.. Positive net assets and consistent growth in assets over time suggest sound financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does The Workplace Inc compensate executives?
The organization consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings, which is unusual for an organization of its size and revenue, and warrants further inquiry into how leadership is compensated or if these roles are purely volun Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 compensation for all key personnel, how does The Workplace Inc attract and retain experienced leadership, and what is the actual compensation structure for its executive team?
The filings indicate $0 compensation for officers, directors, trustees, and key employees. This suggests either a fully volunteer leadership model, or that compensation is structured in a way not captured in this section of the 990, such as through a related organization or as independent contractors, which would require further investigation beyond the available public data.
With program expenses consistently around 90% of total expenses, what specific programs are being funded, and what measurable outcomes are achieved by these programs?
While the high program spending is positive, the available public filings do not provide detailed breakdowns of specific programs or their measurable outcomes. To understand the impact, one would need to consult the organization's annual reports or direct communications.
Filing History
IRS 990 filing history for The Workplace Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Workplace Inc's revenue has grown by 62.7%, moving from $19.7M to $32.0M. Total assets increased by 63.2% over the same period, from $6.4M to $10.5M. Total functional expenses rose by 64.1%, from $19.5M to $32.0M. In its most recent filing year (2023), The Workplace Inc reported a surplus of $50K, with revenue exceeding expenses. The organization holds $9.9M in liabilities against $10.5M in assets (debt-to-asset ratio: 94.1%), resulting in net assets of $621K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32.0M | $32.0M | $10.5M | $9.9M | — | View 990 |
| 2022 | $31.8M | $31.4M | $7.1M | $6.6M | — | View 990 |
| 2021 | $31.2M | $31.8M | $5.8M | $5.7M | — | View 990 |
| 2020 | $35.2M | $35.8M | $6.7M | $6.1M | — | View 990 |
| 2019 | $38.8M | $38.8M | $5.5M | $4.4M | — | View 990 |
| 2018 | $36.6M | $36.4M | $7.2M | $6.2M | — | View 990 |
| 2017 | $29.0M | $29.0M | $6.9M | $6.1M | — | View 990 |
| 2016 | $27.0M | $27.3M | $5.6M | $4.8M | — | View 990 |
| 2015 | $27.5M | $27.8M | $4.7M | $3.7M | — | View 990 |
| 2014 | $23.7M | $24.2M | $4.7M | $3.4M | — | View 990 |
| 2013 | $26.5M | $26.0M | $5.8M | $4.0M | — | View 990 |
| 2012 | $19.6M | $20.3M | $4.8M | $3.6M | — | View 990 |
| 2011 | $19.7M | $19.5M | $6.4M | $4.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32.0M, expenses of $32.0M, and assets of $10.5M (revenue +0.9% year-over-year).
- 2022: Revenue of $31.8M, expenses of $31.4M, and assets of $7.1M (revenue +1.8% year-over-year).
- 2021: Revenue of $31.2M, expenses of $31.8M, and assets of $5.8M (revenue -11.3% year-over-year).
- 2020: Revenue of $35.2M, expenses of $35.8M, and assets of $6.7M (revenue -9.5% year-over-year).
- 2019: Revenue of $38.8M, expenses of $38.8M, and assets of $5.5M (revenue +6.1% year-over-year).
- 2018: Revenue of $36.6M, expenses of $36.4M, and assets of $7.2M (revenue +26.3% year-over-year).
- 2017: Revenue of $29.0M, expenses of $29.0M, and assets of $6.9M (revenue +7.3% year-over-year).
- 2016: Revenue of $27.0M, expenses of $27.3M, and assets of $5.6M (revenue -1.9% year-over-year).
- 2015: Revenue of $27.5M, expenses of $27.8M, and assets of $4.7M (revenue +16.2% year-over-year).
- 2014: Revenue of $23.7M, expenses of $24.2M, and assets of $4.7M (revenue -10.5% year-over-year).
- 2013: Revenue of $26.5M, expenses of $26.0M, and assets of $5.8M (revenue +35.0% year-over-year).
- 2012: Revenue of $19.6M, expenses of $20.3M, and assets of $4.8M (revenue -0.4% year-over-year).
- 2011: Revenue of $19.7M, expenses of $19.5M, and assets of $6.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Workplace Inc:
Data Sources and Methodology
This transparency report for The Workplace 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.