Workforce Outsource Services Inc
Workforce Outsource Services Inc maintains stable assets and zero officer compensation despite recent revenue dip.
EIN: 203684091 · New York, NY · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.9M |
| Total Expenses | $14.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $12 |
| Net Assets | $8.2M |
| Transparency Score | 88/100 |
Is Workforce Outsource Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Workforce Outsource Services Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Workforce Outsource Services Inc
Workforce Outsource Services Inc (EIN: 203684091) is a nonprofit organization based in New York, NY, classified under NTEE code B90. The organization reported total revenue of $7.9M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Workforce Outsource Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Workforce Outsource Services Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.5M |
| Total Expenses | $14.4M |
| Surplus / Deficit | $-892,503 |
| Total Assets | $11.0M |
| Total Liabilities | $2.8M |
| Net Assets | $8.2M |
| Operating Margin | -6.6% |
| Debt-to-Asset Ratio | 25.4% |
| Months of Reserves | 9.2 months |
Financial Health Grade: B
In 2023, Workforce Outsource Services Inc reported a deficit of $893K with expenses exceeding revenue, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 25.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Workforce Outsource Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.5% | +12.4% | +6.6% |
| 2022 | +19.7% | +28.6% | +7.3% |
| 2021 | -13.0% | -21.8% | -1.4% |
| 2020 | -14.5% | +0.7% | -20.1% |
| 2019 | +17.1% | +1.1% | +31.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Outsource Services Inc with a Mission Score of 88 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 Outsource Services 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 deficit of $893K, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.4%.
Executive Compensation Analysis
Workforce Outsource Services Inc consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries. This is highly unusual for an organization of its size, with annual revenues often exceeding $12 million, and suggests a strong commitment to directing all financial resources towards its mission.
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.
Red Flags
The following concerns were identified during AI analysis of Workforce Outsource Services Inc's IRS 990 filings:
- Significant recent revenue decline not fully explained by provided data
Strengths
The following positive indicators were identified for Workforce Outsource Services Inc:
- Consistent reporting of 0% officer compensation
- Stable and growing asset base, reaching $11,028,039 in 202309
- Healthy liability-to-asset ratio, indicating low financial risk
- Long history of IRS 990 filings (13 filings), indicating transparency and compliance
Frequently Asked Questions about Workforce Outsource Services Inc
Is Workforce Outsource Services Inc a legitimate charity?
Workforce Outsource Services Inc (EIN: 203684091) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.9M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Workforce Outsource Services Inc spend its money?
Workforce Outsource Services Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Workforce Outsource Services Inc tax-deductible?
Workforce Outsource Services Inc is registered as a tax-exempt nonprofit (EIN: 203684091). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Workforce Outsource Services Inc CEO make?
Workforce Outsource Services Inc's highest-compensated officer earns $12 annually. The organization reported $7.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Workforce Outsource Services Inc's spending goes to programs?
Workforce Outsource Services Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Workforce Outsource Services Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Workforce Outsource Services Inc is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Workforce Outsource Services Inc located?
Workforce Outsource Services Inc is headquartered in New York, New York and files with the IRS under EIN 203684091. It is classified under NTEE code B90.
How many years of IRS 990 filings does Workforce Outsource Services Inc have?
Workforce Outsource Services 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 $7.9M in total revenue.
Why is the latest reported revenue ($7,929,064) significantly lower than the historical average (e.g., $13,533,563 in 202309)?
The provided data shows a discrepancy between the 'Latest Revenue' and the revenue reported for the 202309 period. Further investigation into the specific filing dates and reporting periods would be necessary to reconcile this difference and understand if the lower figure represents a more recent, unaudited period or a different reporting standard.
How does Workforce Outsource Services Inc manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based, compensated through other means not classified as 'officer compensation' on the 990, or that the organization has a unique operational model where leadership roles are not salaried positions. This is a significant positive for efficiency and mission focus.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not include a detailed breakdown of expenses into program, administrative, and fundraising categories. A full review of the IRS Form 990, Part IX, Statement of Functional Expenses, would be required to accurately determine these percentages.
Filing History
IRS 990 filing history for Workforce Outsource Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Workforce Outsource Services Inc's revenue has grown by 131.2%, moving from $5.9M to $13.5M. Total assets increased by 354.5% over the same period, from $2.4M to $11.0M. Total functional expenses rose by 182.1%, from $5.1M to $14.4M. In its most recent filing year (2023), Workforce Outsource Services Inc reported a deficit of $893K, with expenses exceeding revenue. The organization holds $2.8M in liabilities against $11.0M in assets (debt-to-asset ratio: 25.4%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.5M | $14.4M | $11.0M | $2.8M | — | View 990 |
| 2022 | $13.5M | $12.8M | $10.3M | $1.2M | — | View 990 |
| 2021 | $11.2M | $10.0M | $9.6M | $1.2M | — | View 990 |
| 2020 | $12.9M | $12.8M | $9.8M | $2.6M | — | View 990 |
| 2019 | $15.1M | $12.7M | $12.2M | $1.4M | — | View 990 |
| 2018 | $12.9M | $12.5M | $9.3M | $938K | — | View 990 |
| 2017 | $14.2M | $13.5M | $8.8M | $811K | — | View 990 |
| 2016 | $13.6M | $12.1M | $9.1M | $883K | — | View 990 |
| 2015 | $12.9M | $12.1M | $7.3M | $657K | — | View 990 |
| 2014 | $12.0M | $10.8M | $6.7M | $907K | — | View 990 |
| 2013 | $10.1M | $9.0M | $5.4M | $766K | — | View 990 |
| 2012 | $8.4M | $6.9M | $4.3M | $724K | — | View 990 |
| 2011 | $5.9M | $5.1M | $2.4M | $378K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.5M, expenses of $14.4M, and assets of $11.0M (revenue +0.5% year-over-year).
- 2022: Revenue of $13.5M, expenses of $12.8M, and assets of $10.3M (revenue +19.7% year-over-year).
- 2021: Revenue of $11.2M, expenses of $10.0M, and assets of $9.6M (revenue -13.0% year-over-year).
- 2020: Revenue of $12.9M, expenses of $12.8M, and assets of $9.8M (revenue -14.5% year-over-year).
- 2019: Revenue of $15.1M, expenses of $12.7M, and assets of $12.2M (revenue +17.1% year-over-year).
- 2018: Revenue of $12.9M, expenses of $12.5M, and assets of $9.3M (revenue -8.8% year-over-year).
- 2017: Revenue of $14.2M, expenses of $13.5M, and assets of $8.8M (revenue +4.0% year-over-year).
- 2016: Revenue of $13.6M, expenses of $12.1M, and assets of $9.1M (revenue +5.5% year-over-year).
- 2015: Revenue of $12.9M, expenses of $12.1M, and assets of $7.3M (revenue +8.1% year-over-year).
- 2014: Revenue of $12.0M, expenses of $10.8M, and assets of $6.7M (revenue +18.4% year-over-year).
- 2013: Revenue of $10.1M, expenses of $9.0M, and assets of $5.4M (revenue +20.0% year-over-year).
- 2012: Revenue of $8.4M, expenses of $6.9M, and assets of $4.3M (revenue +43.7% year-over-year).
- 2011: Revenue of $5.9M, expenses of $5.1M, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Workforce Outsource Services Inc:
Data Sources and Methodology
This transparency report for Workforce Outsource Services 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.