Working America Education Fund
Working America Education Fund maintains strong assets and reports no officer compensation across all filings.
EIN: 202035052 · Washington, DC · NTEE: B01 · Updated: 2026-03-28
Is Working America Education Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Working America Education Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Working America Education Fund
Working America Education Fund (EIN: 202035052) is a nonprofit organization based in Washington, DC, classified under NTEE code B01. The organization reported total revenue of $15.1M and total assets of $51.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Working America Education Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Working America Education Fund is a large nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.4M |
| Total Expenses | $9.9M |
| Surplus / Deficit | $-1,481,550 |
| Total Assets | $14.0M |
| Total Liabilities | $9.1M |
| Net Assets | $4.9M |
| Operating Margin | -17.7% |
| Debt-to-Asset Ratio | 64.7% |
| Months of Reserves | 17.0 months |
Financial Health Grade: C
In 2023, Working America Education Fund reported a deficit of $1.5M with expenses exceeding revenue, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 64.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Working America Education Fund's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.5% | -5.7% | -9.5% |
| 2022 | -38.1% | -15.0% | +20.3% |
| 2021 | +403.5% | +255.8% | +7074.3% |
| 2020 | +66.2% | +45.7% | -46.5% |
| 2019 | -59.9% | -53.9% | -51.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Working America Education Fund with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Working America Education Fund allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 64.7%.
Executive Compensation Analysis
Working America Education Fund consistently reports 0% officer compensation across all 13 available filings, indicating that no funds are allocated to executive salaries, which is highly unusual and suggests a strong commitment to program spending.
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 Working America Education Fund:
- Consistent 0% officer compensation reported across all filings.
- Significant growth in assets from $178,981 in 2020 to $13,982,650 in 2023.
- Healthy asset-to-liability ratio, indicating strong financial stability.
- Consistent filing of IRS 990s over 13 periods, demonstrating transparency.
- Strong program focus implied by lack of executive compensation.
Frequently Asked Questions about Working America Education Fund
Is Working America Education Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Working America Education Fund (EIN: 202035052) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Working America Education Fund spend its money?
Working America Education Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Working America Education Fund tax-deductible?
Working America Education Fund is registered as a tax-exempt nonprofit (EIN: 202035052). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Working America Education Fund a good charity?
Based on the available financial data, Working America Education Fund appears to be a very good charity. It consistently reports 0% officer compensation, has significantly grown its assets, and maintains a healthy financial position with strong program spending.
How does Working America Education Fund manage its executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, meaning no salaries are paid to its officers, which is a highly positive indicator of financial stewardship.
What is the trend in Working America Education Fund's assets?
Working America Education Fund has shown significant asset growth, particularly from $178,981 in 2020 to $13,982,650 in 2023, indicating strong financial management and accumulation of resources.
Filing History
IRS 990 filing history for Working America Education Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Working America Education Fund's revenue has grown by 95.3%, moving from $4.3M to $8.4M. Total assets increased by 1711% over the same period, from $772K to $14.0M. Total functional expenses rose by 129.8%, from $4.3M to $9.9M. In its most recent filing year (2023), Working America Education Fund reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $9.1M in liabilities against $14.0M in assets (debt-to-asset ratio: 64.7%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.4M | $9.9M | $14.0M | $9.1M | — | View 990 |
| 2022 | $11.1M | $10.5M | $15.4M | $9.0M | — | View 990 |
| 2021 | $17.9M | $12.3M | $12.8M | $7.1M | — | View 990 |
| 2020 | $3.6M | $3.5M | $179K | $0 | — | View 990 |
| 2019 | $2.1M | $2.4M | $334K | $261K | — | View 990 |
| 2018 | $5.3M | $5.1M | $686K | $384K | — | View 990 |
| 2017 | $3.3M | $3.3M | $1.3M | $1.2M | — | View 990 |
| 2016 | $4.3M | $4.3M | $1.2M | $1.1M | — | View 990 |
| 2015 | $5.2M | $5.2M | $496K | $396K | — | View 990 |
| 2014 | $6.4M | $6.4M | $1.3M | $1.2M | — | View 990 |
| 2013 | $4.7M | $4.7M | $1.7M | $1.6M | — | View 990 |
| 2012 | $6.0M | $6.0M | $2.8M | $2.7M | — | View 990 |
| 2011 | $4.3M | $4.3M | $772K | $672K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.4M, expenses of $9.9M, and assets of $14.0M (revenue -24.5% year-over-year).
- 2022: Revenue of $11.1M, expenses of $10.5M, and assets of $15.4M (revenue -38.1% year-over-year).
- 2021: Revenue of $17.9M, expenses of $12.3M, and assets of $12.8M (revenue +403.5% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.5M, and assets of $179K (revenue +66.2% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.4M, and assets of $334K (revenue -59.9% year-over-year).
- 2018: Revenue of $5.3M, expenses of $5.1M, and assets of $686K (revenue +64.1% year-over-year).
- 2017: Revenue of $3.3M, expenses of $3.3M, and assets of $1.3M (revenue -24.3% year-over-year).
- 2016: Revenue of $4.3M, expenses of $4.3M, and assets of $1.2M (revenue -17.1% year-over-year).
- 2015: Revenue of $5.2M, expenses of $5.2M, and assets of $496K (revenue -18.4% year-over-year).
- 2014: Revenue of $6.4M, expenses of $6.4M, and assets of $1.3M (revenue +35.1% year-over-year).
- 2013: Revenue of $4.7M, expenses of $4.7M, and assets of $1.7M (revenue -21.8% year-over-year).
- 2012: Revenue of $6.0M, expenses of $6.0M, and assets of $2.8M (revenue +40.2% year-over-year).
- 2011: Revenue of $4.3M, expenses of $4.3M, and assets of $772K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Working America Education Fund:
Data Sources and Methodology
This transparency report for Working America Education Fund 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.