Workers Lab
EIN: 824788124 · Oakland, CA · NTEE: S05
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $3.3M |
| Net Assets | $619K |
Is Workers Lab Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Workers Lab
Workers Lab (EIN: 824788124) is a nonprofit organization based in Oakland, CA, classified under NTEE code S05. The organization reported total revenue of $3.2M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Workers Lab's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Workers Lab is a mid-size nonprofit that has been operating for 8 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $3.3M |
| Surplus / Deficit | +$519K |
| Total Assets | $930K |
| Total Liabilities | $311K |
| Net Assets | $619K |
| Operating Margin | 13.8% |
| Debt-to-Asset Ratio | 33.5% |
| Months of Reserves | 3.4 months |
Financial Health Grade: A
In 2023, Workers Lab reported a surplus of $519K with revenue exceeding expenses, holds 3.4 months of operating reserves (adequate), has a debt-to-asset ratio of 33.5% (moderate leverage).
Financial Trends
Over 5 years of filings (2019–2023), Workers Lab's revenue has declined at a compound annual growth rate (CAGR) of -13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.2% | +0.8% | -27.5% |
| 2022 | +23.5% | -50.8% | -22.8% |
| 2021 | -62.7% | -3.4% | -64.9% |
| 2020 | +10.9% | +89.5% | +33.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Workers Lab 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 Workers Lab 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 surplus of $519K, with revenue exceeding expenses.
- Debt-to-asset ratio: 33.5%.
Frequently Asked Questions about Workers Lab
Is Workers Lab a legitimate charity?
Workers Lab (EIN: 824788124) is a registered tax-exempt nonprofit based in California. It has 5 years of IRS 990 filings on record. Total revenue: $3.2M. No red flags identified. Financial health grade: A.
How does Workers Lab spend its money?
Workers Lab reported $3.2M in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Workers Lab tax-deductible?
Workers Lab is registered as a tax-exempt nonprofit (EIN: 824788124). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Workers Lab located?
Workers Lab is headquartered in Oakland, California and files with the IRS under EIN 824788124. It is classified under NTEE code S05.
How many years of IRS 990 filings does Workers Lab have?
Workers Lab has 5 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 $3.2M in total revenue.
Filing History
IRS 990 filing history for Workers Lab showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Workers Lab's revenue has declined by 44.7%, moving from $6.8M to $3.8M. Total assets decreased by 73.8% over the same period, from $3.5M to $930K. Total functional expenses fell by 9.2%, from $3.6M to $3.3M. In its most recent filing year (2023), Workers Lab reported a surplus of $519K, with revenue exceeding expenses. The organization holds $311K in liabilities against $930K in assets (debt-to-asset ratio: 33.5%), resulting in net assets of $619K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $3.3M | $930K | $311K | — | — |
| 2022 | $3.5M | $3.2M | $1.3M | $1.2M | — | View 990 |
| 2021 | $2.8M | $6.6M | $1.7M | $1.4M | — | View 990 |
| 2020 | $7.6M | $6.8M | $4.7M | $718K | — | — |
| 2019 | $6.8M | $3.6M | $3.5M | $305K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $3.3M, and assets of $930K (revenue +8.2% year-over-year).
- 2022: Revenue of $3.5M, expenses of $3.2M, and assets of $1.3M (revenue +23.5% year-over-year).
- 2021: Revenue of $2.8M, expenses of $6.6M, and assets of $1.7M (revenue -62.7% year-over-year).
- 2020: Revenue of $7.6M, expenses of $6.8M, and assets of $4.7M (revenue +10.9% year-over-year).
- 2019: Revenue of $6.8M, expenses of $3.6M, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Workers Lab:
Data Sources and Methodology
This transparency report for Workers Lab 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.