Work Place Inc
EIN: 50395816 · Providence, RI
| Metric | Value |
|---|---|
| Total Revenue | $83K |
| Total Expenses | $66K |
| Net Assets | $2K |
Is Work Place Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Work Place Inc
Work Place Inc (EIN: 50395816) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $83K and total assets of $19K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Work Place Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Work Place Inc is a micro nonprofit that has been operating for 44 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -8.7%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $83K |
| Total Expenses | $66K |
| Surplus / Deficit | +$17K |
| Total Assets | $19K |
| Total Liabilities | $17K |
| Net Assets | $2K |
| Operating Margin | 20.3% |
| Debt-to-Asset Ratio | 89.8% |
| Months of Reserves | 3.5 months |
Financial Health Grade: A
In 2020, Work Place Inc reported a surplus of $17K with revenue exceeding expenses, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 89.8% (high leverage).
Financial Trends
Over 10 years of filings (2011–2020), Work Place Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +12.8% | -13.4% | +105.2% |
| 2019 | -25.3% | -25.9% | -30.1% |
| 2018 | -50.8% | -52.4% | -40.2% |
| 2017 | -18.2% | -9.7% | -26.0% |
| 2016 | +14.9% | +6.1% | -13.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Work Place Inc 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 Place Inc 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 89.8%.
Frequently Asked Questions about Work Place Inc
Is Work Place Inc a legitimate charity?
Work Place Inc (EIN: 50395816) is a registered tax-exempt nonprofit based in Rhode Island. It has 10 years of IRS 990 filings on record. Total revenue: $83K. No red flags identified. Financial health grade: A.
How does Work Place Inc spend its money?
Work Place Inc reported $83K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Work Place Inc tax-deductible?
Work Place Inc is registered as a tax-exempt nonprofit (EIN: 50395816). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Work Place Inc located?
Work Place Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 50395816.
How many years of IRS 990 filings does Work Place Inc have?
Work Place Inc 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 $83K in total revenue.
Filing History
IRS 990 filing history for Work Place Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Work Place Inc's revenue has declined by 56.1%, moving from $189K to $83K. Total assets decreased by 32% over the same period, from $28K to $19K. Total functional expenses fell by 67.8%, from $205K to $66K. In its most recent filing year (2020), Work Place Inc reported a surplus of $17K, with revenue exceeding expenses. The organization holds $17K in liabilities against $19K in assets (debt-to-asset ratio: 89.8%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $83K | $66K | $19K | $17K | — | View 990 |
| 2019 | $73K | $76K | $9K | $24K | — | View 990 |
| 2018 | $98K | $103K | $13K | $25K | — | View 990 |
| 2017 | $200K | $216K | $22K | $30K | — | View 990 |
| 2016 | $245K | $239K | $30K | $22K | — | View 990 |
| 2015 | $213K | $225K | $35K | $32K | — | View 990 |
| 2014 | $217K | $208K | $32K | $17K | — | View 990 |
| 2013 | $214K | $187K | $32K | $26K | — | View 990 |
| 2012 | $193K | $203K | $29K | $51K | — | View 990 |
| 2011 | $189K | $205K | $28K | $39K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $83K, expenses of $66K, and assets of $19K (revenue +12.8% year-over-year).
- 2019: Revenue of $73K, expenses of $76K, and assets of $9K (revenue -25.3% year-over-year).
- 2018: Revenue of $98K, expenses of $103K, and assets of $13K (revenue -50.8% year-over-year).
- 2017: Revenue of $200K, expenses of $216K, and assets of $22K (revenue -18.2% year-over-year).
- 2016: Revenue of $245K, expenses of $239K, and assets of $30K (revenue +14.9% year-over-year).
- 2015: Revenue of $213K, expenses of $225K, and assets of $35K (revenue -1.8% year-over-year).
- 2014: Revenue of $217K, expenses of $208K, and assets of $32K (revenue +1.3% year-over-year).
- 2013: Revenue of $214K, expenses of $187K, and assets of $32K (revenue +11.1% year-over-year).
- 2012: Revenue of $193K, expenses of $203K, and assets of $29K (revenue +2.3% year-over-year).
- 2011: Revenue of $189K, expenses of $205K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Work Place Inc:
Data Sources and Methodology
This transparency report for Work Place 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.