Work Plus Incorporated
EIN: 391540523 · Madison, WI · NTEE: J300
| Metric | Value |
|---|---|
| Total Revenue | $659K |
| Total Expenses | $662K |
| Net Assets | $659K |
Is Work Plus Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Work Plus Incorporated
Work Plus Incorporated (EIN: 391540523) is a nonprofit organization based in Madison, WI, classified under NTEE code J300. The organization reported total revenue of $659K and total assets of $986K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Work Plus Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Work Plus Incorporated is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $602K |
| Total Expenses | $662K |
| Surplus / Deficit | $-60,532 |
| Total Assets | $1.0M |
| Total Liabilities | $382K |
| Net Assets | $659K |
| Operating Margin | -10.1% |
| Debt-to-Asset Ratio | 36.7% |
| Months of Reserves | 18.9 months |
Financial Health Grade: B
In 2023, Work Plus Incorporated reported a deficit of $61K with expenses exceeding revenue, holds 18.9 months of operating reserves (strong position), has a debt-to-asset ratio of 36.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Work Plus Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.5% | +3.0% | -6.2% |
| 2022 | -44.5% | -11.9% | -20.1% |
| 2021 | +11.4% | -6.1% | +28.6% |
| 2020 | +3.1% | -15.1% | +55.1% |
| 2019 | -3.7% | -3.9% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Work Plus Incorporated 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 Plus Incorporated 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 $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 36.7%.
Frequently Asked Questions about Work Plus Incorporated
Is Work Plus Incorporated a legitimate charity?
Work Plus Incorporated (EIN: 391540523) is a registered tax-exempt nonprofit based in Wisconsin. It has 13 years of IRS 990 filings on record. Total revenue: $659K. No red flags identified. Financial health grade: B.
How does Work Plus Incorporated spend its money?
Work Plus Incorporated reported $659K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Work Plus Incorporated tax-deductible?
Work Plus Incorporated is registered as a tax-exempt nonprofit (EIN: 391540523). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Work Plus Incorporated located?
Work Plus Incorporated is headquartered in Madison, Wisconsin and files with the IRS under EIN 391540523. It is classified under NTEE code J300.
How many years of IRS 990 filings does Work Plus Incorporated have?
Work Plus Incorporated has 13 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 $659K in total revenue.
Filing History
IRS 990 filing history for Work Plus Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Work Plus Incorporated's revenue has declined by 28%, moving from $835K to $602K. Total assets increased by 71.6% over the same period, from $607K to $1.0M. Total functional expenses fell by 18.2%, from $809K to $662K. In its most recent filing year (2023), Work Plus Incorporated reported a deficit of $61K, with expenses exceeding revenue. The organization holds $382K in liabilities against $1.0M in assets (debt-to-asset ratio: 36.7%), resulting in net assets of $659K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $602K | $662K | $1.0M | $382K | — | View 990 |
| 2022 | $587K | $643K | $1.1M | $390K | — | View 990 |
| 2021 | $1.1M | $730K | $1.4M | $612K | — | View 990 |
| 2020 | $950K | $777K | $1.1M | $632K | — | — |
| 2019 | $921K | $915K | $696K | $420K | — | View 990 |
| 2018 | $956K | $952K | $703K | $434K | — | View 990 |
| 2017 | $965K | $936K | $725K | $460K | — | View 990 |
| 2016 | $947K | $899K | $684K | $448K | — | View 990 |
| 2015 | $894K | $916K | $580K | $392K | — | View 990 |
| 2014 | $882K | $872K | $601K | $391K | — | View 990 |
| 2013 | $864K | $858K | $600K | $400K | — | View 990 |
| 2012 | $842K | $812K | $621K | $428K | — | View 990 |
| 2011 | $835K | $809K | $607K | $442K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $602K, expenses of $662K, and assets of $1.0M (revenue +2.5% year-over-year).
- 2022: Revenue of $587K, expenses of $643K, and assets of $1.1M (revenue -44.5% year-over-year).
- 2021: Revenue of $1.1M, expenses of $730K, and assets of $1.4M (revenue +11.4% year-over-year).
- 2020: Revenue of $950K, expenses of $777K, and assets of $1.1M (revenue +3.1% year-over-year).
- 2019: Revenue of $921K, expenses of $915K, and assets of $696K (revenue -3.7% year-over-year).
- 2018: Revenue of $956K, expenses of $952K, and assets of $703K (revenue -0.9% year-over-year).
- 2017: Revenue of $965K, expenses of $936K, and assets of $725K (revenue +1.9% year-over-year).
- 2016: Revenue of $947K, expenses of $899K, and assets of $684K (revenue +5.9% year-over-year).
- 2015: Revenue of $894K, expenses of $916K, and assets of $580K (revenue +1.3% year-over-year).
- 2014: Revenue of $882K, expenses of $872K, and assets of $601K (revenue +2.1% year-over-year).
- 2013: Revenue of $864K, expenses of $858K, and assets of $600K (revenue +2.7% year-over-year).
- 2012: Revenue of $842K, expenses of $812K, and assets of $621K (revenue +0.8% year-over-year).
- 2011: Revenue of $835K, expenses of $809K, and assets of $607K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Work Plus Incorporated:
Data Sources and Methodology
This transparency report for Work Plus Incorporated 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.