Workforce Inc
Workforce Inc experiences significant revenue and asset growth with no reported officer compensation.
EIN: 141892402 · Indianapolis, IN · NTEE: J20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.7M |
| Total Expenses | $8.5M |
| Program Spending | 85% |
| Net Assets | $10.7M |
| Transparency Score | 90/100 |
Is Workforce Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Workforce Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Workforce Inc
Workforce Inc (EIN: 141892402) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code J20. The organization reported total revenue of $10.7M and total assets of $21.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Workforce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Workforce Inc is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.2M |
| Total Expenses | $8.5M |
| Surplus / Deficit | +$5.6M |
| Total Assets | $19.3M |
| Total Liabilities | $8.6M |
| Net Assets | $10.7M |
| Operating Margin | 39.8% |
| Debt-to-Asset Ratio | 44.5% |
| Months of Reserves | 27.2 months |
Financial Health Grade: A
In 2023, Workforce Inc reported a surplus of $5.6M with revenue exceeding expenses, holds 27.2 months of operating reserves (strong position), has a debt-to-asset ratio of 44.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Workforce Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.6% | +25.5% | +42.0% |
| 2022 | +92.1% | +76.8% | +304.9% |
| 2021 | +88.0% | +42.7% | +91.8% |
| 2020 | +32.1% | +30.7% | +21.3% |
| 2019 | +11.0% | -23.4% | +56.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Workforce Inc 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, Workforce Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.5%.
Executive Compensation Analysis
Workforce Inc reports 0% officer compensation across all available filings, indicating that no salaries or benefits were paid to officers, directors, or trustees. This is an exceptional level of financial efficiency regarding executive pay, suggesting a volunteer-led or very lean leadership structure.
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 Workforce Inc:
- Significant revenue growth, from $2.1M in 2019 to $14.1M in 2023.
- Substantial asset accumulation, reaching $19.3M in 2023.
- Consistent reporting of 0% officer compensation, indicating high efficiency.
- Positive net income in recent years, with revenue exceeding expenses (e.g., $14.1M revenue vs. $8.5M expenses in 2023).
- Strong financial position with assets significantly exceeding liabilities ($19.3M assets vs. $8.6M liabilities in 2023).
Frequently Asked Questions about Workforce Inc
Is Workforce Inc a legitimate charity?
Workforce Inc (EIN: 141892402) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $10.7M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Workforce Inc spend its money?
Workforce Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Workforce Inc tax-deductible?
Workforce Inc is registered as a tax-exempt nonprofit (EIN: 141892402). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Workforce Inc's spending goes to programs?
Workforce Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Workforce Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Workforce Inc is above average for NTEE category J20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Workforce Inc located?
Workforce Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 141892402. It is classified under NTEE code J20.
How many years of IRS 990 filings does Workforce Inc have?
Workforce Inc 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 $10.7M in total revenue.
Is Workforce Inc a good charity?
Based on the provided financial data, Workforce Inc appears to be a very good charity. It demonstrates strong financial health, significant growth in revenue and assets, and a remarkable commitment to efficiency by reporting 0% officer compensation.
How has Workforce Inc's financial health changed over time?
Workforce Inc has experienced substantial financial growth. Revenue increased from $2,156,932 in 2019 to $14,159,486 in 2023, and assets grew from $1,445,894 to $19,342,777 in the same period, indicating robust expansion and financial stability.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings, suggesting a highly efficient model where leadership is either volunteer-based or compensated through other means not classified as officer compensation, directing more funds to its mission.
Filing History
IRS 990 filing history for Workforce Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Workforce Inc's revenue has grown by 720.9%, moving from $1.7M to $14.2M. Total assets increased by 1589.9% over the same period, from $1.1M to $19.3M. Total functional expenses rose by 428.6%, from $1.6M to $8.5M. In its most recent filing year (2023), Workforce Inc reported a surplus of $5.6M, with revenue exceeding expenses. The organization holds $8.6M in liabilities against $19.3M in assets (debt-to-asset ratio: 44.5%), resulting in net assets of $10.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.2M | $8.5M | $19.3M | $8.6M | — | — |
| 2022 | $10.3M | $6.8M | $13.6M | $8.5M | — | View 990 |
| 2021 | $5.4M | $3.8M | $3.4M | $1.8M | — | View 990 |
| 2020 | $2.8M | $2.7M | $1.8M | $1.7M | — | View 990 |
| 2019 | $2.2M | $2.1M | $1.4M | $1.5M | — | View 990 |
| 2018 | $1.9M | $2.7M | $926K | $1.1M | — | View 990 |
| 2017 | $3.8M | $3.8M | $1.6M | $1.1M | — | View 990 |
| 2016 | $4.0M | $3.6M | $1.9M | $1.3M | — | View 990 |
| 2015 | $3.3M | $3.6M | $2.1M | $1.9M | — | View 990 |
| 2014 | $5.5M | $5.4M | $1.7M | $1.2M | — | View 990 |
| 2013 | $6.0M | $5.7M | $1.6M | $1.2M | — | View 990 |
| 2012 | $3.5M | $3.3M | $1.1M | $1.0M | — | View 990 |
| 2011 | $1.7M | $1.6M | $1.1M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.2M, expenses of $8.5M, and assets of $19.3M (revenue +37.6% year-over-year).
- 2022: Revenue of $10.3M, expenses of $6.8M, and assets of $13.6M (revenue +92.1% year-over-year).
- 2021: Revenue of $5.4M, expenses of $3.8M, and assets of $3.4M (revenue +88.0% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.7M, and assets of $1.8M (revenue +32.1% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.1M, and assets of $1.4M (revenue +11.0% year-over-year).
- 2018: Revenue of $1.9M, expenses of $2.7M, and assets of $926K (revenue -49.1% year-over-year).
- 2017: Revenue of $3.8M, expenses of $3.8M, and assets of $1.6M (revenue -4.7% year-over-year).
- 2016: Revenue of $4.0M, expenses of $3.6M, and assets of $1.9M (revenue +20.3% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.6M, and assets of $2.1M (revenue -39.6% year-over-year).
- 2014: Revenue of $5.5M, expenses of $5.4M, and assets of $1.7M (revenue -8.2% year-over-year).
- 2013: Revenue of $6.0M, expenses of $5.7M, and assets of $1.6M (revenue +70.6% year-over-year).
- 2012: Revenue of $3.5M, expenses of $3.3M, and assets of $1.1M (revenue +104.2% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.6M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Workforce Inc:
Data Sources and Methodology
This transparency report for Workforce 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.