Upstate Workforce Futures Corporation
EIN: 611614418 · Spartanburg, SC · NTEE: S31
| Metric | Value |
|---|---|
| Total Revenue | $22K |
| Total Expenses | $51K |
| Net Assets | $45K |
Is Upstate Workforce Futures Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Upstate Workforce Futures Corporation
Upstate Workforce Futures Corporation (EIN: 611614418) is a nonprofit organization based in Spartanburg, SC, classified under NTEE code S31. The organization reported total revenue of $22K and total assets of $49K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Upstate Workforce Futures Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Upstate Workforce Futures Corporation is a micro nonprofit that has been operating for 15 years, with 10 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -11.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $51K |
| Surplus / Deficit | $-23,698 |
| Total Assets | $45K |
| Net Assets | $45K |
| Operating Margin | -88.3% |
| Months of Reserves | 10.7 months |
Financial Health Grade: B
In 2023, Upstate Workforce Futures Corporation reported a deficit of $24K with expenses exceeding revenue, holds 10.7 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2012–2023), Upstate Workforce Futures Corporation's revenue has declined at a compound annual growth rate (CAGR) of -11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.4% | +20.2% | -34.4% |
| 2022 | -23.8% | +171.1% | +4.6% |
| 2021 | +210.6% | -52.1% | +196.3% |
| 2020 | -61.5% | -8.3% | -37.5% |
| 2019 | -3.4% | -65.1% | +65.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Upstate Workforce Futures Corporation 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 Upstate Workforce Futures Corporation 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 $24K, with expenses exceeding revenue.
Frequently Asked Questions about Upstate Workforce Futures Corporation
Is Upstate Workforce Futures Corporation a legitimate charity?
Upstate Workforce Futures Corporation (EIN: 611614418) is a registered tax-exempt nonprofit based in South Carolina. It has 10 years of IRS 990 filings on record. Total revenue: $22K. No red flags identified. Financial health grade: B.
How does Upstate Workforce Futures Corporation spend its money?
Upstate Workforce Futures Corporation reported $22K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Upstate Workforce Futures Corporation tax-deductible?
Upstate Workforce Futures Corporation is registered as a tax-exempt nonprofit (EIN: 611614418). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Upstate Workforce Futures Corporation located?
Upstate Workforce Futures Corporation is headquartered in Spartanburg, South Carolina and files with the IRS under EIN 611614418. It is classified under NTEE code S31.
How many years of IRS 990 filings does Upstate Workforce Futures Corporation have?
Upstate Workforce Futures Corporation has 10 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 $22K in total revenue.
Filing History
IRS 990 filing history for Upstate Workforce Futures Corporation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2023), Upstate Workforce Futures Corporation's revenue has declined by 74.6%, moving from $106K to $27K. Total assets decreased by 45% over the same period, from $82K to $45K. Total functional expenses rose by 20.2%, from $42K to $51K. In its most recent filing year (2023), Upstate Workforce Futures Corporation reported a deficit of $24K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27K | $51K | $45K | $0 | — | View 990 |
| 2022 | $45K | $42K | $69K | $0 | — | View 990 |
| 2021 | $59K | $16K | $66K | $0 | — | — |
| 2020 | $19K | $32K | $22K | $13K | — | View 990 |
| 2019 | $49K | $35K | $36K | $24K | — | View 990 |
| 2018 | $51K | $101K | $21K | $12K | — | View 990 |
| 2017 | $62K | $71K | $72K | $55K | — | View 990 |
| 2016 | $61K | $52K | $81K | $59K | — | View 990 |
| 2015 | $94K | $58K | $71K | $62K | — | View 990 |
| 2012 | $106K | $42K | $82K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27K, expenses of $51K, and assets of $45K (revenue -40.4% year-over-year).
- 2022: Revenue of $45K, expenses of $42K, and assets of $69K (revenue -23.8% year-over-year).
- 2021: Revenue of $59K, expenses of $16K, and assets of $66K (revenue +210.6% year-over-year).
- 2020: Revenue of $19K, expenses of $32K, and assets of $22K (revenue -61.5% year-over-year).
- 2019: Revenue of $49K, expenses of $35K, and assets of $36K (revenue -3.4% year-over-year).
- 2018: Revenue of $51K, expenses of $101K, and assets of $21K (revenue -17.1% year-over-year).
- 2017: Revenue of $62K, expenses of $71K, and assets of $72K (revenue +0.9% year-over-year).
- 2016: Revenue of $61K, expenses of $52K, and assets of $81K (revenue -35.1% year-over-year).
- 2015: Revenue of $94K, expenses of $58K, and assets of $71K (revenue -10.7% year-over-year).
- 2012: Revenue of $106K, expenses of $42K, and assets of $82K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Upstate Workforce Futures Corporation:
Data Sources and Methodology
This transparency report for Upstate Workforce Futures Corporation 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.