Work Skills Foundation

Work Skills Foundation shows consistent revenue growth and strong asset accumulation with no reported officer compensation.

EIN: 204595453 · Brighton, MI · NTEE: T23 · Updated: 2026-03-28

$243KRevenue

$611KAssets

90/100Mission Score (Excellent)

T23

About Work Skills Foundation

Work Skills Foundation (EIN: 204595453) is a nonprofit organization based in Brighton, MI, classified under NTEE code T23. The organization reported total revenue of $243K and total assets of $611K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Work Skills Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Work Skills Foundation demonstrates consistent financial growth and strong program spending efficiency over the past decade. The organization's revenue has steadily increased from $37,546 in 2011 to $221,592 in 2023, with assets growing significantly from $50,045 to $552,159 in the same period. This indicates effective financial management and an ability to build reserves.

The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and a commitment to directing funds towards its mission. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall trend of expenses being significantly lower than revenue suggests a healthy financial position and an ability to accumulate assets for future program delivery. The low liabilities across all reported periods further underscore financial stability.

Work Skills Foundation appears to be a financially sound organization with a clear focus on its mission, as evidenced by its growth, asset accumulation, and lack of executive compensation. The consistent growth in assets relative to revenue also suggests prudent financial stewardship.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Work Skills Foundation with a Mission Score of 90 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 Skills Foundation 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.

Executive Compensation Analysis

Work Skills Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence and resource allocation.

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.

Strengths

The following positive indicators were identified for Work Skills Foundation:

Consistent revenue growth from $37,546 (2011) to $221,592 (2023).
Significant asset accumulation, growing from $50,045 (2011) to $552,159 (2023).
0% officer compensation reported across all available filings, indicating volunteer leadership.
Low liabilities across all periods, demonstrating strong financial stability.
Expenses consistently lower than revenue, allowing for asset building and future program investment.

Frequently Asked Questions about Work Skills Foundation

Is Work Skills Foundation a good charity?

Based on the provided financial data, Work Skills Foundation appears to be a very good charity. It demonstrates consistent financial growth, strong asset accumulation, and a notable commitment to its mission by reporting 0% officer compensation across all filings.

How has Work Skills Foundation's revenue changed over time?

Work Skills Foundation has shown significant revenue growth, increasing from $37,546 in 2011 to $221,592 in 2023, indicating a strong upward trend in its financial capacity.

What is the financial health of Work Skills Foundation?

The organization's financial health is strong, with consistent revenue growth, assets growing from $50,045 in 2011 to $552,159 in 2023, and very low liabilities across all periods, suggesting excellent financial management and stability.

Filing History

IRS 990 filing history for Work Skills Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Work Skills Foundation's revenue has grown by 490.2%, moving from $38K to $222K. Total assets increased by 1003.3% over the same period, from $50K to $552K. Total functional expenses rose by 963.4%, from $18K to $186K. In its most recent filing year (2023), Work Skills Foundation reported a surplus of $35K, with revenue exceeding expenses. The organization holds $9K in liabilities against $552K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $543K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$222K	$186K	$552K	$9K	—	—
2022	$178K	$164K	$500K	$298	—	View 990
2021	$189K	$148K	$552K	$6K	—	View 990
2020	$155K	$117K	$492K	$5K	—	View 990
2019	$168K	$112K	$511K	$2K	—	View 990
2015	$104K	$39K	$226K	$1	—	View 990
2014	$97K	$46K	$173K	$1	—	View 990
2013	$83K	$77K	$123K	$1	—	View 990
2012	$123K	$56K	$117K	$1	—	View 990
2011	$38K	$18K	$50K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $222K, expenses of $186K, and assets of $552K (revenue +24.8% year-over-year).
2022: Revenue of $178K, expenses of $164K, and assets of $500K (revenue -6.1% year-over-year).
2021: Revenue of $189K, expenses of $148K, and assets of $552K (revenue +22.3% year-over-year).
2020: Revenue of $155K, expenses of $117K, and assets of $492K (revenue -7.9% year-over-year).
2019: Revenue of $168K, expenses of $112K, and assets of $511K (revenue +62.0% year-over-year).
2015: Revenue of $104K, expenses of $39K, and assets of $226K (revenue +6.8% year-over-year).
2014: Revenue of $97K, expenses of $46K, and assets of $173K (revenue +17.4% year-over-year).
2013: Revenue of $83K, expenses of $77K, and assets of $123K (revenue -32.8% year-over-year).
2012: Revenue of $123K, expenses of $56K, and assets of $117K (revenue +227.5% year-over-year).
2011: Revenue of $38K, expenses of $18K, and assets of $50K.

Data Sources and Methodology

This transparency report for Work Skills 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.