Work For The Future Foundation
EIN: 822053764 · Fort Smith, AR · NTEE: J22
| Metric | Value |
|---|---|
| Total Revenue | $36K |
| Total Expenses | $37K |
| Net Assets | $-36,380 |
Is Work For The Future Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Work For The Future Foundation
Work For The Future Foundation (EIN: 822053764) is a nonprofit organization based in Fort Smith, AR, classified under NTEE code J22. The organization reported total revenue of $36K and total assets of $998 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Work For The Future Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Work For The Future Foundation is a micro nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -15.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $37K |
| Surplus / Deficit | $-894 |
| Total Assets | $998 |
| Total Liabilities | $37K |
| Net Assets | $-36,380 |
| Operating Margin | -2.5% |
| Debt-to-Asset Ratio | 3745.3% |
| Months of Reserves | 0.3 months |
Financial Health Grade: D
In 2023, Work For The Future Foundation reported a deficit of $894 with expenses exceeding revenue, holds 0.3 months of operating reserves (limited), has a debt-to-asset ratio of 3745.3% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Work For The Future Foundation's revenue has declined at a compound annual growth rate (CAGR) of -15.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.6% | +5.2% | +10.5% |
| 2022 | -32.6% | -44.7% | +351.5% |
| 2021 | +15.2% | -11.4% | -84.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Work For The Future Foundation 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 Work For The Future Foundation 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 $894, with expenses exceeding revenue.
- Debt-to-asset ratio: 3745.3%.
Frequently Asked Questions about Work For The Future Foundation
Is Work For The Future Foundation a legitimate charity?
Work For The Future Foundation (EIN: 822053764) is a registered tax-exempt nonprofit based in Arkansas. It has 4 years of IRS 990 filings on record. Total revenue: $36K. No red flags identified. Financial health grade: D.
How does Work For The Future Foundation spend its money?
Work For The Future Foundation reported $36K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Work For The Future Foundation tax-deductible?
Work For The Future Foundation is registered as a tax-exempt nonprofit (EIN: 822053764). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Work For The Future Foundation located?
Work For The Future Foundation is headquartered in Fort Smith, Arkansas and files with the IRS under EIN 822053764. It is classified under NTEE code J22.
How many years of IRS 990 filings does Work For The Future Foundation have?
Work For The Future Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $36K in total revenue.
Filing History
IRS 990 filing history for Work For The Future Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Work For The Future Foundation's revenue has declined by 39.9%, moving from $60K to $36K. Total assets decreased by 20.3% over the same period, from $1K to $998. Total functional expenses fell by 48.4%, from $72K to $37K. In its most recent filing year (2023), Work For The Future Foundation reported a deficit of $894, with expenses exceeding revenue. The organization holds $37K in liabilities against $998 in assets (debt-to-asset ratio: 3745.3%), resulting in net assets of $-36,380.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $36K | $37K | $998 | $37K | — | — |
| 2022 | $47K | $35K | $903 | $36K | — | — |
| 2021 | $70K | $64K | $200 | $47K | — | — |
| 2020 | $60K | $72K | $1K | $54K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $36K, expenses of $37K, and assets of $998 (revenue -22.6% year-over-year).
- 2022: Revenue of $47K, expenses of $35K, and assets of $903 (revenue -32.6% year-over-year).
- 2021: Revenue of $70K, expenses of $64K, and assets of $200 (revenue +15.2% year-over-year).
- 2020: Revenue of $60K, expenses of $72K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Work For The Future Foundation:
Data Sources and Methodology
This transparency report for Work For The Future Foundation 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.