Work First Inc
Work First Inc maintains stable finances with consistent asset growth and no reported officer compensation.
EIN: 10369660 · Farmington, ME · NTEE: E50Z · Updated: 2026-03-28
Is Work First Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Work First Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Work First Inc
Work First Inc (EIN: 10369660) is a nonprofit organization based in Farmington, ME, classified under NTEE code E50Z. The organization reported total revenue of $2.0M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Work First Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Work First Inc is a mid-size nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$28K |
| Total Assets | $3.2M |
| Total Liabilities | $88K |
| Net Assets | $3.1M |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 22.8 months |
Financial Health Grade: A
In 2024, Work First Inc reported a surplus of $28K with revenue exceeding expenses, holds 22.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Work First Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -4.1% | +1.9% | +0.6% |
| 2023 | +15.6% | +4.6% | +6.3% |
| 2022 | -5.3% | +16.5% | -3.0% |
| 2021 | +10.1% | -14.3% | +0.8% |
| 2020 | -23.3% | -7.2% | +5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Work First 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Work First 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.8%.
Executive Compensation Analysis
Work First Inc consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $1.6 million in annual expenses. This suggests either a fully volunteer executive leadership or that executive compensation is categorized under other expense lines, which could obscure a complete picture of leadership costs.
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 Work First Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate compensation is reported elsewhere, obscuring true leadership costs.
Strengths
The following positive indicators were identified for Work First Inc:
- Consistent financial stability with annual revenues generally exceeding or closely matching expenses.
- Healthy and growing asset base, increasing from $2,217,097 in 201506 to $3,166,579 in 202406.
- Low and stable liabilities, indicating strong financial management and minimal debt.
- Positive net assets, demonstrating long-term financial health and sustainability.
Frequently Asked Questions about Work First Inc
Is Work First Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Work First Inc (EIN: 10369660) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Work First Inc spend its money?
Work First Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Work First Inc tax-deductible?
Work First Inc is registered as a tax-exempt nonprofit (EIN: 10369660). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Work First Inc a good charity?
Based on available data, Work First Inc appears to be a financially stable organization with consistent revenue and asset growth. The lack of reported officer compensation is a unique characteristic that could indicate high efficiency or a need for further clarity on executive remuneration. Without detailed program spending breakdowns, it's difficult to fully assess program effectiveness, but financial health is strong.
How does Work First Inc manage its executive compensation?
Work First Inc consistently reports 0% officer compensation in its IRS 990 filings. This suggests that either the organization is entirely run by unpaid volunteers at the executive level, or that executive salaries are reported under other expense categories, which would require further investigation to understand the full compensation structure.
What is the trend in Work First Inc's assets and liabilities?
Work First Inc has shown consistent growth in assets, increasing from $2,217,097 in 201506 to $3,166,579 in 202406. Liabilities have generally remained low and stable, typically under $100,000, with a notable spike to $338,071 in 202006, indicating strong financial management and a healthy balance sheet.
Filing History
IRS 990 filing history for Work First Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Work First Inc's revenue has declined by 12.1%, moving from $1.9M to $1.7M. Total assets increased by 47.2% over the same period, from $2.2M to $3.2M. Total functional expenses fell by 2.8%, from $1.7M to $1.7M. In its most recent filing year (2024), Work First Inc reported a surplus of $28K, with revenue exceeding expenses. The organization holds $88K in liabilities against $3.2M in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.7M | $1.7M | $3.2M | $88K | — | View 990 |
| 2023 | $1.8M | $1.6M | $3.1M | $115K | — | View 990 |
| 2022 | $1.5M | $1.6M | $3.0M | $72K | — | View 990 |
| 2021 | $1.6M | $1.3M | $3.1M | $91K | — | — |
| 2020 | $1.5M | $1.6M | $3.0M | $338K | — | View 990 |
| 2019 | $1.9M | $1.7M | $2.9M | $83K | — | View 990 |
| 2018 | $1.7M | $1.5M | $2.7M | $81K | — | — |
| 2017 | $1.6M | $1.5M | $2.5M | $74K | — | View 990 |
| 2016 | $1.6M | $1.5M | $2.3M | $78K | — | View 990 |
| 2015 | $1.6M | $1.6M | $2.2M | $83K | — | View 990 |
| 2014 | $1.7M | $1.6M | $2.1M | $82K | — | View 990 |
| 2013 | $1.9M | $1.6M | $2.1M | $97K | — | View 990 |
| 2012 | $1.9M | $1.7M | $2.2M | $369K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.7M, expenses of $1.7M, and assets of $3.2M (revenue -4.1% year-over-year).
- 2023: Revenue of $1.8M, expenses of $1.6M, and assets of $3.1M (revenue +15.6% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.6M, and assets of $3.0M (revenue -5.3% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.3M, and assets of $3.1M (revenue +10.1% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.6M, and assets of $3.0M (revenue -23.3% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.7M, and assets of $2.9M (revenue +14.1% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.5M, and assets of $2.7M (revenue +4.8% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.5M, and assets of $2.5M (revenue -2.7% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.5M, and assets of $2.3M (revenue -0.6% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.6M, and assets of $2.2M (revenue -0.5% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.6M, and assets of $2.1M (revenue -11.0% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.6M, and assets of $2.1M (revenue -3.2% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.7M, and assets of $2.2M.
Data Sources and Methodology
This transparency report for Work First 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.