Worklife Inc
Worklife Inc. consistently operates at a deficit, with expenses exceeding revenue in most recent years.
EIN: 205397231 · Cumming, GA · NTEE: X20 · Updated: 2026-03-28
Is Worklife Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Worklife Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Worklife Inc
Worklife Inc (EIN: 205397231) is a nonprofit organization based in Cumming, GA, classified under NTEE code X20. The organization reported total revenue of $247K and total assets of $434K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Worklife Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Worklife Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $215K |
| Total Expenses | $358K |
| Surplus / Deficit | $-142,643 |
| Total Assets | $409K |
| Total Liabilities | $419K |
| Net Assets | $-10,170 |
| Operating Margin | -66.3% |
| Debt-to-Asset Ratio | 102.5% |
| Months of Reserves | 13.7 months |
Financial Health Grade: C
In 2023, Worklife Inc reported a deficit of $143K with expenses exceeding revenue, holds 13.7 months of operating reserves (strong position), has a debt-to-asset ratio of 102.5% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Worklife Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.2% | +1.2% | -22.7% |
| 2022 | +58.3% | +33.9% | -22.0% |
| 2021 | -88.4% | -18.5% | -20.0% |
| 2020 | +706.6% | +54.1% | +2565.1% |
| 2019 | -3.1% | -6.6% | +123.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| 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 Worklife Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Worklife Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $143K, with expenses exceeding revenue.
- Debt-to-asset ratio: 102.5%.
Executive Compensation Analysis
Worklife Inc. reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to officers, which is a positive sign for minimizing overhead.
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 Worklife Inc's IRS 990 filings:
- Consistent operating deficits: Expenses frequently exceed revenue (e.g., $357,730 expenses vs. $215,087 revenue in 2023).
- Liabilities sometimes exceed assets: In 2023, liabilities ($418,753) were greater than assets ($408,583), indicating potential financial distress.
- Significant fluctuation in assets without clear explanation: Assets dropped from $847,123 in 2020 to $408,583 in 2023.
- Lack of detailed expense breakdown in public filings makes it difficult to assess program efficiency.
Strengths
The following positive indicators were identified for Worklife Inc:
- No reported officer compensation: This indicates that executive pay is not a drain on organizational resources.
- Long filing history (14 filings): Suggests a consistent presence and compliance with IRS reporting requirements.
Frequently Asked Questions about Worklife Inc
Is Worklife Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Worklife Inc (EIN: 205397231) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Worklife Inc spend its money?
Worklife Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Worklife Inc tax-deductible?
Worklife Inc is registered as a tax-exempt nonprofit (EIN: 205397231). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Worklife Inc. financially sustainable?
Based on the consistent operating deficits, where expenses have exceeded revenue in most recent years (e.g., $357,730 expenses vs. $215,087 revenue in 2023), the organization's financial sustainability is questionable without significant changes to its revenue generation or expense structure.
What caused the large revenue spike in 2020?
The IRS 990 data shows a revenue spike to $1,048,997 in 2020, significantly higher than any other year. Without further details from the filing, the specific cause (e.g., a large one-time grant, specific fundraising event) cannot be determined, but it appears to be an anomaly rather than a sustained growth trend.
How does Worklife Inc. cover its operating deficits?
The organization has consistently reported liabilities that are often high relative to or even exceeding assets (e.g., $418,753 liabilities vs. $408,583 assets in 2023). This suggests deficits may be covered by drawing down assets or incurring debt, which is not a sustainable long-term strategy.
Filing History
IRS 990 filing history for Worklife Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Worklife Inc's revenue has declined by 43.3%, moving from $380K to $215K. Total assets increased by 8.5% over the same period, from $377K to $409K. Total functional expenses fell by 26.4%, from $486K to $358K. In its most recent filing year (2023), Worklife Inc reported a deficit of $143K, with expenses exceeding revenue. The organization holds $419K in liabilities against $409K in assets (debt-to-asset ratio: 102.5%), resulting in net assets of $-10,170.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $215K | $358K | $409K | $419K | — | — |
| 2022 | $193K | $353K | $528K | $396K | — | — |
| 2021 | $122K | $264K | $677K | $385K | — | View 990 |
| 2020 | $1.0M | $324K | $847K | $413K | — | View 990 |
| 2019 | $130K | $210K | $32K | $338K | — | View 990 |
| 2018 | $134K | $225K | $14K | $241K | — | View 990 |
| 2017 | $159K | $221K | $33K | $169K | — | View 990 |
| 2016 | $157K | $201K | $27K | $2K | — | View 990 |
| 2015 | $185K | $232K | $67K | $88K | — | View 990 |
| 2014 | $201K | $381K | $120K | $94K | — | View 990 |
| 2013 | $247K | $353K | $271K | $159K | — | View 990 |
| 2012 | $299K | $401K | $299K | $97K | — | View 990 |
| 2011 | $292K | $368K | $339K | $51K | — | View 990 |
| 2010 | $380K | $486K | $377K | $94K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $215K, expenses of $358K, and assets of $409K (revenue +11.2% year-over-year).
- 2022: Revenue of $193K, expenses of $353K, and assets of $528K (revenue +58.3% year-over-year).
- 2021: Revenue of $122K, expenses of $264K, and assets of $677K (revenue -88.4% year-over-year).
- 2020: Revenue of $1.0M, expenses of $324K, and assets of $847K (revenue +706.6% year-over-year).
- 2019: Revenue of $130K, expenses of $210K, and assets of $32K (revenue -3.1% year-over-year).
- 2018: Revenue of $134K, expenses of $225K, and assets of $14K (revenue -15.9% year-over-year).
- 2017: Revenue of $159K, expenses of $221K, and assets of $33K (revenue +1.5% year-over-year).
- 2016: Revenue of $157K, expenses of $201K, and assets of $27K (revenue -15.3% year-over-year).
- 2015: Revenue of $185K, expenses of $232K, and assets of $67K (revenue -7.7% year-over-year).
- 2014: Revenue of $201K, expenses of $381K, and assets of $120K (revenue -18.7% year-over-year).
- 2013: Revenue of $247K, expenses of $353K, and assets of $271K (revenue -17.4% year-over-year).
- 2012: Revenue of $299K, expenses of $401K, and assets of $299K (revenue +2.7% year-over-year).
- 2011: Revenue of $292K, expenses of $368K, and assets of $339K (revenue -23.2% year-over-year).
- 2010: Revenue of $380K, expenses of $486K, and assets of $377K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Worklife Inc:
Data Sources and Methodology
This transparency report for Worklife 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.