Working Families Organization Inc
Working Families Organization Inc shows rapid revenue growth and strong financial health with no reported officer compensation.
EIN: 204994004 · Brooklyn, NY · NTEE: R40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $55.4M |
| Total Expenses | $47.1M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $54.2 |
| Net Assets | $22.1M |
| Transparency Score | 90/100 |
Is Working Families Organization Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Working Families Organization Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Working Families Organization Inc
Working Families Organization Inc (EIN: 204994004) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code R40. The organization reported total revenue of $55.4M and total assets of $22.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Working Families Organization Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Working Families Organization Inc is a major nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of 37.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $54.2M |
| Total Expenses | $47.1M |
| Surplus / Deficit | +$7.1M |
| Total Assets | $24.1M |
| Total Liabilities | $2.0M |
| Net Assets | $22.1M |
| Operating Margin | 13.1% |
| Debt-to-Asset Ratio | 8.4% |
| Months of Reserves | 6.1 months |
Financial Health Grade: A
In 2022, Working Families Organization Inc reported a surplus of $7.1M with revenue exceeding expenses, holds 6.1 months of operating reserves (strong position), has a debt-to-asset ratio of 8.4% (very low leverage).
Financial Trends
Over 13 years of filings (2010–2022), Working Families Organization Inc's revenue has grown at a compound annual growth rate (CAGR) of 37.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +41.7% | +21.1% | +41.5% |
| 2021 | +10.5% | +60.5% | -9.3% |
| 2020 | +226.2% | +177.0% | +203.3% |
| 2019 | +41.0% | +43.7% | +37.1% |
| 2018 | +22.7% | +2.5% | +62.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Families Organization 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Working Families Organization Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size ($54.2 million in 2022 revenue) and suggests either pro-bono leadership or compensation is structured in a way not reported as officer compensation on the 990.
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 Working Families Organization Inc's IRS 990 filings:
- No reported officer compensation across all filings, which is unusual for an organization of this scale and could warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Working Families Organization Inc:
- Significant and consistent revenue growth, from $10.6M in 2019 to $54.2M in 2022.
- Strong financial health with consistent surpluses (e.g., $54.2M revenue vs. $47.1M expenses in 2022).
- Substantial growth in assets, from $6.2M in 2019 to $24.1M in 2022.
- Low liabilities relative to assets, indicating strong financial stability.
- 0% reported officer compensation across all filings, suggesting a high dedication of funds to programs.
Frequently Asked Questions about Working Families Organization Inc
Is Working Families Organization Inc a legitimate charity?
Working Families Organization Inc (EIN: 204994004) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $55.4M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Working Families Organization Inc spend its money?
Working Families Organization Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Working Families Organization Inc tax-deductible?
Working Families Organization Inc is registered as a tax-exempt nonprofit (EIN: 204994004). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Working Families Organization Inc CEO make?
Working Families Organization Inc's highest-compensated officer earns $54.2 annually. The organization reported $55.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Working Families Organization Inc's spending goes to programs?
Working Families Organization Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Working Families Organization Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Working Families Organization Inc is above average for NTEE category R40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Working Families Organization Inc located?
Working Families Organization Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 204994004. It is classified under NTEE code R40.
How many years of IRS 990 filings does Working Families Organization Inc have?
Working Families Organization 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 $55.4M in total revenue.
Is Working Families Organization Inc a good charity?
Based on its financial data, Working Families Organization Inc appears to be a very good charity. It demonstrates strong financial health, significant revenue growth, and no reported officer compensation, indicating a strong focus on its mission.
How has Working Families Organization Inc's revenue changed over time?
Working Families Organization Inc has experienced dramatic revenue growth, increasing from $10,617,854 in 2019 to $54,227,055 in 2022, a nearly five-fold increase in three years.
What is the organization's asset-to-liability ratio?
In 2022, Working Families Organization Inc had assets of $24,148,846 and liabilities of $2,020,153, resulting in a healthy asset-to-liability ratio of approximately 11.95:1.
Filing History
IRS 990 filing history for Working Families Organization Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2022), Working Families Organization Inc's revenue has grown by 4462.7%, moving from $1.2M to $54.2M. Total assets increased by 53334.9% over the same period, from $45K to $24.1M. Total functional expenses rose by 3676.7%, from $1.2M to $47.1M. In its most recent filing year (2022), Working Families Organization Inc reported a surplus of $7.1M, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $24.1M in assets (debt-to-asset ratio: 8.4%), resulting in net assets of $22.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $54.2M | $47.1M | $24.1M | $2.0M | — | View 990 |
| 2021 | $38.3M | $38.9M | $17.1M | $2.0M | — | View 990 |
| 2020 | $34.6M | $24.3M | $18.8M | $3.1M | — | View 990 |
| 2019 | $10.6M | $8.8M | $6.2M | $847K | — | — |
| 2018 | $7.5M | $6.1M | $4.5M | $1.0M | — | View 990 |
| 2017 | $6.1M | $5.9M | $2.8M | $710K | — | View 990 |
| 2016 | $6.2M | $6.5M | $2.1M | $206K | — | View 990 |
| 2015 | $6.9M | $6.7M | $2.4M | $253K | — | View 990 |
| 2014 | $7.9M | $6.4M | $2.2M | $265K | — | View 990 |
| 2013 | $4.2M | $3.9M | $596K | $173K | — | View 990 |
| 2012 | $3.6M | $3.5M | $366K | $225K | — | View 990 |
| 2011 | $2.4M | $2.3M | $187K | $133K | — | View 990 |
| 2010 | $1.2M | $1.2M | $45K | $112K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $54.2M, expenses of $47.1M, and assets of $24.1M (revenue +41.7% year-over-year).
- 2021: Revenue of $38.3M, expenses of $38.9M, and assets of $17.1M (revenue +10.5% year-over-year).
- 2020: Revenue of $34.6M, expenses of $24.3M, and assets of $18.8M (revenue +226.2% year-over-year).
- 2019: Revenue of $10.6M, expenses of $8.8M, and assets of $6.2M (revenue +41.0% year-over-year).
- 2018: Revenue of $7.5M, expenses of $6.1M, and assets of $4.5M (revenue +22.7% year-over-year).
- 2017: Revenue of $6.1M, expenses of $5.9M, and assets of $2.8M (revenue -1.7% year-over-year).
- 2016: Revenue of $6.2M, expenses of $6.5M, and assets of $2.1M (revenue -10.2% year-over-year).
- 2015: Revenue of $6.9M, expenses of $6.7M, and assets of $2.4M (revenue -12.0% year-over-year).
- 2014: Revenue of $7.9M, expenses of $6.4M, and assets of $2.2M (revenue +89.7% year-over-year).
- 2013: Revenue of $4.2M, expenses of $3.9M, and assets of $596K (revenue +16.1% year-over-year).
- 2012: Revenue of $3.6M, expenses of $3.5M, and assets of $366K (revenue +47.8% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.3M, and assets of $187K (revenue +104.2% year-over-year).
- 2010: Revenue of $1.2M, expenses of $1.2M, and assets of $45K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Working Families Organization Inc:
Data Sources and Methodology
This transparency report for Working Families Organization 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.