Workshop Inc

Workshop Inc maintains stable finances despite declining revenue, reporting no officer compensation.

EIN: 141410352 · Menands, NY · NTEE: J330 · Updated: 2026-03-28

$4.9MRevenue

$3.9MAssets

85/100Mission Score (Excellent)

J330

About Workshop Inc

Workshop Inc (EIN: 141410352) is a nonprofit organization based in Menands, NY, classified under NTEE code J330. The organization reported total revenue of $4.9M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Workshop Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Workshop Inc demonstrates a generally stable financial position, though it has experienced a decline in revenue from a peak of $6,565,796 in 2014 to $4,869,507 in 2020. Despite this revenue decrease, the organization has consistently managed its expenses, often operating with a very small surplus or deficit, indicating tight financial management. For instance, in 2020, revenue was $4,869,507 against expenses of $4,566,237, resulting in a surplus. The organization's assets have shown a gradual increase over the decade, from $2,954,893 in 2011 to $3,888,249 in 2020, suggesting a healthy accumulation of resources relative to its liabilities, which have also been managed effectively.

Regarding spending efficiency, the consistent near-zero officer compensation across all reported years is a significant indicator of efficient use of funds, as it suggests that top leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is unusual for an organization of this size. This practice, if sustained, would free up a substantial portion of funds for program delivery. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The overall financial trend suggests a cautious and well-managed approach to its budget.

Transparency is positively impacted by the consistent filing of IRS Form 990s over a decade, providing a clear historical financial record. The absence of reported officer compensation is a notable point for transparency, as it either indicates a highly volunteer-driven leadership or a reporting nuance that would benefit from further clarification to fully understand executive remuneration practices. The organization's ability to maintain a positive asset trend while managing revenue fluctuations speaks to a degree of financial resilience and responsible stewardship.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Workshop Inc with a Mission Score of 85 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, Workshop 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.

Executive Compensation Analysis

Workshop Inc consistently reports 0% officer compensation across all ten years of filings, which is highly unusual for an organization with annual revenues in the multi-million dollar range. This suggests either a fully volunteer executive leadership or that executive compensation is categorized differently within their financial reporting, warranting further investigation for complete transparency.

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 Workshop Inc's IRS 990 filings:

Unusually low (0%) reported officer compensation, which may obscure actual executive remuneration practices.
Significant decline in annual revenue from $6,565,796 in 2014 to $4,869,507 in 2020 without clear explanation in provided data.

Strengths

The following positive indicators were identified for Workshop Inc:

Consistent financial reporting with 10 years of IRS 990 filings.
Effective expense management, consistently operating near break-even or with a small surplus.
Growing asset base, increasing from $2,954,893 in 2011 to $3,888,249 in 2020, indicating financial stability.
Low liabilities relative to assets, suggesting good financial health and solvency.

Frequently Asked Questions about Workshop Inc

How does Workshop Inc sustain its operations with 0% reported officer compensation?

The consistent reporting of 0% officer compensation across all ten years of IRS 990 filings is highly unusual for an organization with multi-million dollar revenues. This could indicate that executive leadership is entirely volunteer-based, or that compensation for key executives is reported under different expense categories (e.g., program staff salaries if executives also perform program duties) or through a related organization. Further detail from the organization would be needed to clarify this.

What caused the decline in revenue from $6.5 million in 2014 to $4.8 million in 2020?

Workshop Inc experienced a significant revenue decline from a peak of $6,565,796 in 2014 to $4,869,507 in 2020. The IRS 990 data alone does not specify the reasons for this decline, which could be attributed to various factors such as changes in funding sources, economic conditions, or shifts in program scope. An analysis of the organization's program activities and funding streams would be necessary to understand this trend.

What is the detailed breakdown of program, administrative, and fundraising expenses?

While the IRS 990 filings provide overall expense figures, a detailed breakdown of program, administrative, and fundraising expenses is not explicitly provided in the summary data. A deeper dive into the full 990 forms would be required to ascertain the exact percentages allocated to each category, which is crucial for a comprehensive assessment of spending efficiency.

Filing History

IRS 990 filing history for Workshop Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2020), Workshop Inc's revenue has declined by 7.3%, moving from $5.3M to $4.9M. Total assets increased by 31.6% over the same period, from $3.0M to $3.9M. Total functional expenses fell by 13.1%, from $5.3M to $4.6M. In its most recent filing year (2020), Workshop Inc reported a surplus of $303K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $3.9M in assets (debt-to-asset ratio: 32.9%), resulting in net assets of $2.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2020	$4.9M	$4.6M	$3.9M	$1.3M	—	—
2019	$5.4M	$5.4M	$3.8M	$1.5M	—	View 990
2018	$6.3M	$5.3M	$3.7M	$1.4M	—	View 990
2017	$5.4M	$5.4M	$3.0M	$1.7M	—	View 990
2016	$6.2M	$6.2M	$3.2M	$1.9M	—	View 990
2015	$6.4M	$6.4M	$3.3M	$2.0M	—	View 990
2014	$6.6M	$6.6M	$3.3M	$2.0M	—	View 990
2013	$6.5M	$6.5M	$3.2M	$1.9M	—	View 990
2012	$6.6M	$6.6M	$3.0M	$1.8M	—	View 990
2011	$5.3M	$5.3M	$3.0M	$1.7M	—	View 990

Year-by-Year Financial Summary

2020: Revenue of $4.9M, expenses of $4.6M, and assets of $3.9M (revenue -9.4% year-over-year).
2019: Revenue of $5.4M, expenses of $5.4M, and assets of $3.8M (revenue -15.2% year-over-year).
2018: Revenue of $6.3M, expenses of $5.3M, and assets of $3.7M (revenue +16.3% year-over-year).
2017: Revenue of $5.4M, expenses of $5.4M, and assets of $3.0M (revenue -11.8% year-over-year).
2016: Revenue of $6.2M, expenses of $6.2M, and assets of $3.2M (revenue -4.0% year-over-year).
2015: Revenue of $6.4M, expenses of $6.4M, and assets of $3.3M (revenue -2.0% year-over-year).
2014: Revenue of $6.6M, expenses of $6.6M, and assets of $3.3M (revenue +0.8% year-over-year).
2013: Revenue of $6.5M, expenses of $6.5M, and assets of $3.2M (revenue -0.7% year-over-year).
2012: Revenue of $6.6M, expenses of $6.6M, and assets of $3.0M (revenue +24.8% year-over-year).
2011: Revenue of $5.3M, expenses of $5.3M, and assets of $3.0M.

Data Sources and Methodology

This transparency report for Workshop 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.